• The Prize shall be funded by the Islamic Republic of Iran and shall consist of: (i) a gold medal of Avicenna along with a certificate, (ii) a sum of US $10,000 and (iii) a one-week academic visit to the Islamic Republic of Iran, which would include the delivery of speeches in the relevant academic gatherings, offered for this purpose by the Government of the Islamic Republic of Iran
• The Prize shall be awarded every two years
• The operating costs of the Prize shall be shared equally between the Islamic Republic of Iran and UNESCO with effect from the 2004-2005 biennium
• The candidates (individuals and groups) shall have contributed to high-quality research in the field of ethics of science and technology
• The prizewinner will be selected by the Director-General of UNESCO, on the basis of the proposal made to him by an international jury
• The jury shall consist of three members, of different nationalities, appointed by the Director-General from among the members of the World Commission on the Ethics of Scientific Knowledge and Technology (COMEST), for a period of four years, taking into account the renewal of COMEST members
• The jury shall adopt its own working procedures and shall be assisted by a member of the Secretariat designated by the Director-General.

The Director-General of UNESCO shall invite the submission of nominations from the governments of Member States, in consultation with their National Commissions, and from international non-governmental organizations maintaining official relations with the Organization.

Each Member State and NGO may designate one candidate. The governments and NGOs shall provide in support of each candidate a recommendation including: (i) a description of the candidate’s academic background and achievements; (ii) a summary of the work submitted for consideration; (iii) a review of the way in which the work submitted has contributed to the development of research in the field of ethics of science and technology

The nominations should be submitted in English or French and be accompanied by a biographical note.

The Director-General of UNESCO shall announce the name of the winner every two years.

The Director-General (or his representative) shall award the Prize at an official ceremony held for that purpose to which he will invite the representative of the Government of the Islamic Republic of Iran.