Applications opened yesterday for the second edition of the biennal Future Generation Art Prize, launched by the Victor Pinchuk Foundation in 2009. The Prize is intended to provide long-term support for future generation of artists.
The winner will receive a total of $100,000: $60,000 as a cash award, and $40,000 toward the production of new work.
The prize is supported by over 50 partner platforms all over the world. The winner will be announced in December 2012, coinciding with an exhibition of the shortlisted artists at the PinchukArtCentre in Kiev from October 2012 to January 2013.
Second edition of the Victor Pinchuk Foundation’s $100,000 Future Generation Art Prize is announced
The Prize is open to all artists up to the age of 35 without any restrictions concerning gender, nationality, race or artistic medium, with the aim of acknowledging and giving long-term support to a future generation of artists. The Prize is unique because of its global reach and highly democratic form of application via the Internet.
Commenting on the launch of the 2nd edition of the Future Generation Art Prize, founder Victor Pinchuk said: “With our prize, we don’t want to reward the past, but inspire the future. We want to act as social investors into the arts. Our prize is the equivalent of an incubator for start up businesses. Everybody can apply, from everywhere. The best get advice and resources for new work and a chance to present themselves to the world. For me this is an exciting social investment, creating inspiration for societies”.
Aside from the main prize of $100,000, an additional $20,000 will be allocated to fund artist-in-residency programmes for up to five other prize-winners.