INNOVATION Prize is the first and most important award for contemporary visual art  in Russia.

The Competition’s aims are to promote and support artists working in contemporary visual practices, identify the main creative achievements, and raise public awareness in major processes in Russian contemporary art.

INNOVATION Prize, the All-Russian Competition in Contemporary Visual Art, was founded in 2005 and all these years, the U-Art Foundation has been a strategic partner of the award. In 2017, the Foundation established the “Book of the year: history and theory of contemporary art” category.