Rolex Grants for Entrepreneurs Working to Change the World
Inaugurated in 1976 by André J. Heiniger, the chief of Rolex who succeeded founder Hans Wilsdorf, the Rolex Awards for Enterprise was originally conceived as a one-off event to celebrate the 50th anniversary of the watchmaker’s trademark waterproof Oyster case. Comprising a grant of CHF200,000 (about US$215,000), the awards recognised entrepreneurs working on solving pressing social and environmental issues. But the brand has since transformed the awards into a biennial tradition, bestowing grants to over 150 individuals in the last four decades. According to Rolex, the grants gave birth to over 50 unique inventions, over 20 million trees planted, and dozens of endangered species protected – and, of course, numerous scientific expeditions completed. This year’s Laureates of the Rolex Awards for Enterprise have just been announced – five individuals from different continents, each leading an ongoing, growing projects. Unlike the Nobel Prize, the Rolex awards are given out based on current instead of past works, making it a scholarships of sorts that fuels a wider impact for the prize winner. Bling for good Healthy diets A perfect example of an effective, ongoing project is Sanku, a non-profit organisation that tackles malnutrition with a simple but scalable solution to the age-old problem. By retrofitting flour mills in Tanzania with its patented “Dosifier”, Sanku ensures the population is provided with a complement of basic nutrients such as vitamins and met...
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