ScriptBase, the online screenwriting community that was set up by writers from the Fade In group in Hungary, is launching a free online screenwriting competition. The site acts basically as a writers' group, with people reading and commenting on each others' work. As they are now adding a rating system, they are also starting a competition with a €1,000 prize. The basic idea is simple: post your project, get people to read it and hope that it gets a great rating. ScriptBase and Fade In are both writer-driven initiatives.
A quick glance revealed a strong number of entrants from Eastern Europe - which has a vibrant writing scene for the moment. If you have sometimes wondered who could read your script and give some sort of feedback, ScriptBase is definitely worth checking. I my opinion, the prize money is like icing on someone's cake.
For full details, check ScriptBase.