The Writers of The Future Contest is a writing contest geared toward new writers of science fiction and fantasy.
Here is the info from their website:
NEW WRITERS! L. Ron Hubbard’s Writers of the Future Contest
Opportunity for new and amateur writers of new short stories or novelettes of science fiction or fantasy. No entry fee is required. Entrants retain all publication rights. All awards are adjudicated by professional writers only.
Prizes every three months: $1,000, $750, $500, Annual Grand Prize: $5,000 additional!
If you have not read the contest rules, please click here before submitting: Contest rules
So, wait no more and submit your story today.