The award is awarded by Venus International Foundation, based in Chennai, India. The aim of the award is to honor professors and scientists from different disciplines and fields of knowledge for their contributions and efforts in the service of science and humanity. Many university professors and other educational institutions from different countries are competing for the award. Applications for candidacy are evaluated by two committees with a number of specialists in different fields, and there are specific criteria and controls for assessing applications. The Award also has a Board of Trustees.