Ukrainian billionaire Victor Pinchuk, via the Victor Pinchuk Foundation, has created a new international contemporary art prize to discover, recognize and give long-term support to a future generation of artists.
The Future Generation Art Prize will be held every two years and the winner will receive $100,000.
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 shall be available to all on the Prize website.
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 fulfil the entry conditions.
Online applications for the prize will be taken between January 18, 2010 and April 18, 2010. In October of 2010, twenty shortlisted artists will be selected to show their work in an exhibition at Kiev’s PinchukArtCentre, one of the largest centers for contemporary art in the Eastern Europe, founded by Pinchuk in September 2006.