The foundation aims to promote education and research in the fields of microtechnology, physical electronics, condensed matter physics, and chronometry, in particular: a) by awarding the OMEGA Scientific Prize and the OMEGA Student Prize, as specified in the OMEGA Prize regulations; b) by providing grants to young researchers active in the mentioned fields for research work; c) exceptionally, by providing contributions for the acquisition of equipment, instruments or scientific installations for research in the mentioned fields.