Since 2010, the Spyropoulos Foundation has been granted the possibility to offer young artists one more Prize.
The new prize is named 'V. I. Valambus Award', it concerns postgraduate students, Artists up to 35 years of age and is a monetary Prize. The sum of 6000 euros, will be awarded by the Foundation through the same process of the Spyropoulos Prizes.
The first Award has already been given in May 2010. The financial support for the Valambus Award, is donated by the children of the great collector, in his memory.
The committee for the Valabus Award 2012, consisting of the artists Nikos Tranos and Marios Spiliopoulos, the art historians Marilena Kassimati and Irene Savvani and the representative of the Spyropoulos Foundation Olga Daniylopoulou, awarded the Valambus Award to: Theofano Barvariti.