The Daiwa Foundation Art Prize offers a British artist a first solo show at a gallery in Tokyo, Japan. In addition to an exhibition, the winning artist will be given a period of support and introductions to key individuals and organisations in the Japanese contemporary art world.  The winning artist is also awarded a participation fee of £5000.

The prize is open to British artists resident in the UK who have not previously had a solo exhibition in Japan.  Artists applying for the prize are required to submit documentation of four recent works, in any medium (including painting, photography, drawing, sculpture, installation, video etc), a supporting CV and personal statement.  The judging panel select a short list of three artists.  Works by all three of the short list are exhibited at the Daiwa Foundation Japan House Gallery and a winner is announced later that year.