The art award of high distinction as well as significant monetary sum will be awarded for the second time in 2007 to students of the art academies of Central/Eastern Europe. The form and technique can be freely chosen: the talented students can apply with painting, sculptural, photographic and video works. The Czech, Croatian, Hungarian, Slovak and Slovenian candidates first exhibition in their own countries, and then in December 2007 the winners organise a large-scale exhibition at the Essl Collection in Austria. The Essl Collection Europe, founded by AGNES and KARLHEINZ ESSL, is one of the most important collections focussed on the 20th and 21st centuries. Their award, with significant economic support provided by Baumax, is handed out biennially.