Viktor Pinchuk Foundation - Future Generation Art Prize 2010

In December 2009, the ukrainian billionaire, philanthropist and art collector Viktor Pinchuk announced at the Gramercy Park hotel the establishement of two art prizes, one for top artists from his homeland and the Future Generation Art Prize for artists worldwide between the ages of 18 and 35 inclusive.
This biennial art award will provide the top winner with a prize of $100,000 ($60,000 in cash), of wich $40,000 must be used by the winning artist for the creation of new works.
Artists from anywhere in the world and without any restrictions to artistic medium may apply through an open call via the Internet.
Apart from former Prize winners, artists are eligible to apply multiple times, as long as they continue to meet the participation requirements.
The select first selection will be made by 100 correspondent art experts who will nominate between two and five participants each, then a Selection Committee consisted by of 7 experts on contemporary art chosen by the jury will review the applications and select up to twenty participants for the exhibition of shortlisted entries.
Winners will be mentored by the worldwide known and famous artists Andreas Gursky, Damien Hirst, Jeff Koons and Takashi Murakami.
Established by the Viktor Pinchuk Foundation with the intent of supporting emerging artists by offering sustainable means to create new works, the $100,000 prize will be overseen by a distinguished board consisted by: Richard Armstrong, director of the Solomon R. Guggenheim Museum; Glenn D. Lowry, director of the Museum of Modern Art (MoMA); Alfred Pacquement of the Pompidou Center in Paris; Nicholas Serota of the Tate in London and Elton John.
An additional $20,000 will fund artist-in-residency programs for up to five other special prize winners.
Participants must submit their online entries between the dates of January 18th and April 18th, 2010, not forgetting to carefully read the participation terms and conditions.
A short list of 20 artists will be announced on the 20th of June 2010 and their works will be posted online and exhibited at the Pinchuk Art Center (Kiev, Ukraine) in October 2010.
The winner of the Future Generation Art Prize and up to five finalists will be announced in December 2010.