Swiss Re established the International ReSource Award in 2002 in an attempt to actively support the planning, evaluation and implementation of water-related projects aiming to promote awareness and encouraging the efficient use of this precious resource. The award is an annual competition for innovative watershed management projects and is worth US$ 150,000 in total. It will be granted to one or several projects selected by an international jury. The prize money is to be used exclusively for project implementation.
NGOs, private, scientific or public institutions and similar bodies are invited to apply for the ReSource Award 2007. The award is intended for projects which genuinely seek to raise awareness of the ecological, social and economic significance of water sources and watersheds in developing and emerging countries. Preference will be given to those projects which demonstrate innovative preventative measures for protecting water resources, i.e. projects that have a pioneering character in the local context (cultural, institutional or technological) and involve local community and/or regional institutions.