Evan Agostini, File, Associated Press
FILE - In this Sept. 12, 2009 file photo, executive producer Ridley Scott participates in a press conference for the film "Cracks" during the Toronto International Film Festival in Toronto. Scott’s production company, Scott Free Productions, will play an integral role in judging the submissions to YouTube's new film festival, known as Your Film Festival.

NEW YORK — YouTube is launching a film festival that will ultimately send 10 finalists to the Venice Film Festival.

The Google Inc.-owned video site announced Thursday that Your Film Festival will take submissions of up to 15 minutes between Feb. 2 and March 31. Fifty semi-finalists will be selected, and YouTube users will further winnow the field to 10 by voting for their favorites online.

Director Ridley Scott's production company, Scott Free Productions, will play an integral role in judging the submissions. A winner will be selected by a jury in Venice overseen by Scott.

The winner will receive a $500,000 grant from YouTube to produce a film with Scott Free.

Last year, YouTube released the feature-length documentary "Life in a Day," which was co-produced by Scott.