Full details are here
I've always felt their entrance fees are a bit steep, and I won't be entering this year anyway cos I am knee deep in Dough, but at least they seem to make good on their promises.
Last year's winner, John Paul Sheerin, has his film The Legend of New York Pizza, in development and is now represented by Katherine Vile from United Agents.
Early deadline is 3rd Jan - late deadline is 28th Feb.
So I wouldn't recommend starting something new. But if you've got something you've been working on, there's certainly enough time to do some rewriting and polishing and get it in.
And of course, (shameless plug coming up) if you want some feedback on it, you know where to come!
Happy holidays and happy writing!