Just saw this online today. $500k from Ridley Scott. Nice.
"15 minutes to tell a story. Millions of people to watch it. $500,000 to make a new one for the world to see. This is Your Film Festival. You have until March 31st to submit a short, story-driven video. There’s no entry fee. It can be any format – short film, web-series episode, TV pilot – and any genre. In June, audiences around the world will vote, sending 10 deserving storytellers to open the 2012 Venice Film Festival where a Grand Prize Winner will be be rewarded with a $500,000 grant to create a new work, produced by Ridley Scott and his world class team."