Future Generation Art Prize

About the Prize
The Future Generation Art Prize established by the Victor Pinchuk Foundation is a worldwide contemporary art prize to discover, recognize and give long-term support to a future generation of artists. The Prize will be a major contribution to the open participation of younger artists in the dynamic cultural development of societies in global transition.
The Prize is an innovative new international award for artists up to 35 years of age, investing in the artistic development and new production of works. Awarded through a competition, judged by a distinguished jury, the Prize is founded on the idea of generosity, a network of outstanding patron artists and institutional partners, and a highly democratic application procedure.
Organized by the PinchukArtCentre, an exhibition of 21 shortlisted artists in October 2010 gives the opportunity to discover a future generation.
Main Prize
The Main Prize will be awarded to one artist who will receive the amount of US$ 100,000 from the international jury in the context of an exhibition. The Prize will be split in US$ 60,000 in cash and US$ 40,000 for the investment of new work production.
Special Prizes
Within the framework of selecting the Prize winner, the jury will have the opportunity to additionally award up to five Special Prizes to support young talents.
The Prizes will not be bound to a financial award but rather serve above all to support the further development of the artists in form of residences in different art contexts.
Up to US$ 20,000 can be divided for about five Special Prizes.
Participation Rules
All artists up to 35 may apply with their work without any restrictions concerning gender, nationality, race or artistic medium.
The artists apply through an open call via the Internet. Application form will be available to all on the Prize website from 6 February till 6 May 2012.
Additionally, 100 correspondent art experts from all over the world will nominate a minimum of two and a maximum of five candidates. The experts are curators, artists, critics and tutors at art colleges and academies.
All artists apart from former Prize winners are be eligible to apply multiple times, as long as they continue to fulfill the entry conditions.
A Selection Committee will review the applications and select up to twenty artists for the exhibition. The Selection Committee has the right to exclude applications which do not comply with the rules. The Selection Committee consists of experts on contemporary art. The members of the Selection Сommittee are put forward by the Jury. Each Jury member suggests one Committee member.
source: ARMACAD

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