The Future Generation Art Prize is a biannual global contemporary art prize to discover, recognize and give long-term support to a future generation of artists. Established by the Victor Pinchuk Foundation in 2009, the Prize supported the artistic development and production of new works of over 100 artists in exhibitions at the PinchukArtCentre in Kyiv and as official collateral events at the Venice Biennale in 2011, 2013, 2017 and 2019.
All artists aged 35 or younger from anywhere in the world, working in any medium are invited to apply for the Prize. An outstanding selection committee, appointed by a distinguished international jury, reviews every application and nominates 20 artists for the short list. These artists will be commissioned to create new works that go on display at the PinchukArtCentre in Kyiv. Subsequently, all of them will present their works in the Future Generation Art Prize exhibition at the Venice Biennale.
The main prize winner receives US $100,000 split between a $60,000 cash prize and a $40,000 investment in their practice. A further $20,000 is awarded as a special prize/s between up to five artists at the discretion of the jury for supporting projects that develop their artistic practice.
The Future Generation Art Prize is widely acknowledged as a springboard for emerging talent. Lynette Yiadom Boakye won the Prize in 2012, before going on to be shortlisted for the Turner Prize and a highly successful solo show at the Serpentine Gallery in London in 2015. The winner of the first edition of the Prize, Cinthia Marcelle, represented Brazil at the 57th Venice Biennale in 2017. Previous main prize winners also include Dineo Seshee Bopape, winning in 2017, who represented South Africa at the 58th Venice Biennale in 2019. The shortlisted artists for Future Generation Art Prize 2021, Teresa Solar, Mire Lee and Bronwyn Katz participated at the main program at the 59th Venice Biennale, and the special prize winner Pedro Neves Marques represented Portugal with the solo exhibition.