Contemporary Art Awards are competitions that recognize and celebrate the work of artists creating in the present day. These awards often highlight innovative and diverse artistic practices, encouraging artists to explore new ideas and mediums. They can be organized by galleries, museums, or art organizations and may include cash prizes, exhibition opportunities, or residencies. Many Contemporary Art Awards focus on specific themes or categories, such as painting, sculpture, or digital art. Notable examples include the Turner Prize in the UK and the Whitney Biennial in the USA. These awards not only promote individual artists but also contribute to the broader conversation about contemporary art.