gen art, the organization that supported young designers along with music and film talent just announced they are folding. in an email they said "after struggling for the past 18 months since the economic crisis, gen art has finally succumbed to the recession. during this challenging time we did everything in our power to adjust our business to these new business realities by cutting costs and seeking out alternative funding solutions. however when a major, new, corporate partnership unexpectedly collapsed a few weeks ago, we found ourselves without sufficient resources or time to overcome this sudden and substantial loss of revenue. the reality is that we had fiscally planned and relied upon the representations of this partnership. their decision had the unintended effect of pushing gen art over the edge. as of today we have halted all operations."