Specific categories are reserved for developing knowledge fields of critical relevance to confront central challenges of the 21st century, as in the case of the two environmental awards.
[1][2] To reach their decision, the juries meet during January and February in the Marqués de Salamanca Palace, Madrid headquarters of the BBVA Foundation.
The day after the jury's decision, the name of the winners(s) and the achievements that earned them the award are revealed at an announcement event in the same location.
The BBVA Foundation designs, develops and finances research projects in these areas; facilitates advanced specialist training through grants, courses, seminars and workshops; organizes award schemes for researchers and professionals whose work has contributed significantly to the advancement of knowledge; and communicates and disseminates such new knowledge through publications, databases, lecture series, debates, exhibitions and audiovisual and electronic media.
[7][8] Each BBVA Foundation Frontiers of Knowledge laureate receives a commemorative artwork, a diploma and a cash prize of 400,000 euros per category.