A major contribution to the open participation of younger artists in the dynamic cultural development of societies in global transition, the Prize has supported the artistic development and production of new works of over 140 artists in exhibitions at the PinchukArtCentre in Kyiv and the Venice Biennale. Alongside an open call, a global network of partner platforms and special correspondents work as ambassadors to encourage artists to apply for the prize.
The main prize winner receives USD $100.000. Another $20.000 is awarded as a special prize between up to five artists for supporting the development of their artistic practice.
All artists aged from 18 to 35 working in any medium were invited to apply. Entries could be submitted online. Deadline has expired for 2023 applications.