Up to 5 $35,000 fellowships awarded annually. An entrant’s total earnings for motion picture and television writing may not exceed US$5,000 before the end of the competition. Entrants must submit a full length screenplay and fill out the online application form via the website when the competition is open. Fellowship recipients are expected during the Fellowship year to complete at least one original feature film screenplay.

Details:

http://www.oscars.org/nicholl