The free-to-enter L Ron Hubbard’s Writers of the Future Contest has a prize pot totalling $1,250 on offer every three months plus an annual grand prize of $5,000.
The competition is open to writers who have not had a novel, novelette, or more than three short stories published in any professional medium. This is defined as publication of 5,000 copies or 5,000 hits and paying at least 6¢ per word.