With Ridley Scott no less. Grand prize is $$$ to make a film. http://www.youtube.com/user/yourfilmfestival
"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."
I recommend you guys all check into this!