The main objectives to be accomplished by the Olympiad are: to promote the development of intellectual potential of exceptional students, to encourage them to study fundamental sciences and foster international cooperation and communication.

     The Olympiad was founded by the Ministry of Education and Science of the Republic of Sakha (Yakutia).

     The Olympiad is hosted by the Ministry of Education and Science of the Republic of Sakha (Yakutia), State-Funded Autonomous Institution of Additional Education of The Republic of Sakha (Yakutia) “Junior Academy of Sciences of the Republic of Sakha (Yakutia)”, the Federal State Autonomous Educational Institution of Higher Professional Education “M.K.Ammosov North-Eastern Federal University” and “Khangalassky Ulus (District)” Municipal District Authority.

     The Olympiad includes separate contests for the following academic subjects: mathematics, physics, chemistry and informatics.