They give out awards to those dedicated to innovation in the field, and awards of achievement in the field. (They do not have a direct contribution to biological engineering, they more recognize those who do and encourage the public to continue that forward movement).
The organization bestows awards upon individuals who demonstrate dedication to innovation within their field, as well as recognizing achievements in the field. They do not directly contribute to biological engineering but rather celebrate those who do and inspire the public to further progress in this area.