There are scores of awards constituted worldwide to honor and reward excellence in design. Several NGO’s, art agencies, galleries, institutions, corporations and organizations initiate design awards to promote an existing artwork by renowned artists as well as marginal, upcoming or budding artists across the globe. There are art festivals, art markets and art competitions organized in various parts of the world round the year where scholarships, prize money, trophies, mementoes, certificates, and several other forms of awards are distributed to deserving candidates. These awards are designed to provide a platform and a paradigm for artists to exhibit and showcase their talent giving them opportunities to display their works to art lovers, scholars and fellow artists. Besides, it also serves as means of promoting and advertising corporations and art organizations to mark their foray into art industry.