Each Rolex Award for Enterprise is given for a new or ongoing project anywhere in the world – one that deserves support for its capacity to improve lives, or protect the world’s natural and cultural heritage. The Rolex Awards support pioneering work by young visionaries, age 18 and older, in 5 areas: applied technology, cultural heritage, environment, exploration and discovery, and science and health. Each Laureate receives 100,000 Swiss francs for his or her project. Young Laureates receive 50,000 Swiss francs. Rolex Laureates are of all nationalities and backgrounds.