The prize is awarded to the best European film in Berlinale Panorama, as judged by a jury of four Europa Ciemas exhibitors.
The honour comes with the support of the Europa Cinemas network of exhibitors, which will give the film extended theatrical exposure and promotion.
Revanche is a story of guilt and revenge set in rural Austria. Johannes Krisch, Irina Potapenko, Andreas Lust and Ursula Strauss star. Producers are Matthias Forberg, Heinz Stussak, Sandra Bohle and Spielmann for Prisma Film, Fernsehproduktion and Spielmannfilm. The Match Factory handles international sales.
This year's Berlin jury was comprised of Robert Kenny of the UK, Marko Rohr of Finland, Wolfgang Steininger from Austria and Barbara Suhren from Germany.
The jury said of the film: 'This is a very well made and dramatic film that we believe has the potential to grip audiences around Europe. The story is absorbing, the characters well drawn and the performances uniformly strong. This is true European cinema at its best - an authentic and uncompromised view of a corner of Europe.'
The award, in its fourth year in Berlin, will be presented tonight.
Europa Cinemas also hands out prizes in Venice, Karlovy Vary and Cannes.