Today, virtual reality (VR) content platform Inception and immersive financing company Kaleidoscope have announced a new collaboration which will see the creation of an Online VR Film Festival to help nurture and rewarded VR content creators with cash and avenues to showcase their work.

For creators submissions are now open, with the festival accepting submissions throughout May until 1st June. Inception and Kaleidoscope will be awarding a prize pool of $15,000 USD plus distribution and marketing deals to the films selected for the festival. Winners will then be announced on 14th June. Creators looking to submit can apply for free here.

“We’ve been working with Inception for quite some time now, and we believe they are the right partner to work with on getting our content distributed,” said René Pinnell, Kaleidoscope CEO in a statement. “Together, we will be looking for innovative content that we can award and celebrate on the Inception app and within the Kaleidoscope community.”

“Kaleidoscope was responsible for producing the first virtual reality festival in 2015, they are pioneers in the field and an amazing partner to have,” said Benny Arbel, Inception CEO. “We hope this festival can become an annual event.”

Kaleidoscope runs an invite-only community to help secure financing, distribution and exposure for premium VR content creating events like FIRST LOOK in 2017, and a VR Fund. Inception launched in 2016, becoming a popular cross-platform app for premium VR content as well as creating content itself. Available for download across Oculus Rift, HTC Vive, Windows Mixed Reality, Samsung Gear VR, Google Daydream, PlayStation VR, iOS and Android. Additionally, the app has now arrived for standalone headset Oculus Go which launched last week during the Facebook developer conference (F8).

VRFocus will continue its coverage of Inception and Kaliedoscope, reporting back with the latest updates including the successful VR film projects.