A helping hand. (Credit: Rolex)
As research funding comes under pressure elsewhere, including an estimated 22% federal cut at American universities, the Hans Wilsdorf Foundation, the sole owner of Rolex, is moving into academic research support.
The foundation has traditionally concentrated its philanthropy on a defined set of priorities: health and social, professional training, culture, humanitarian causes and environmental protection. It is now expanding into academic research through a newly created entity, the Fondation pour l’Université de Genève (FUNIGE).
The Wilsdorf Foundation said it will commit 25 million Swiss francs a year to research at the University of Geneva through FUNIGE. The foundation has opened its first call for applications, available to full, associate and assistant professors, with grants of up to 1 million francs per project per year, typically covering about 70% of total costs. Projects may target major scientific challenges or support innovative and exploratory research that falls outside traditional funding programs. The foundation said it will not intervene in research methods or results.
This is not the first time Rolex-linked funds have flowed into higher education in Geneva. As reported by Coronet in 2023, the foundation acquired a 200-million-franc, 14-story building, purchased from Swiss Life, that it plans to transfer to the University of Geneva in 2028. The building will bring together about 3,000 students and 500 faculty and staff and will house the Geneva School of Economics and Management as well as the university’s social sciences faculty.