More on their website above...

$1 Million Intel Make Something Unreal Contest

Welcome to the $1 Million Intel Make Something Unreal Contest, the ultimate modification competition brought to you by Intel and Epic Games.

The Make Something Unreal Contest is created for you to have fun working with the engine while making something Unreal to share with the community! It is broken into four different phases, which are not dependant upon each other. The idea behind having four phases is to encourage people to enter early and often, and to keep improving their mods over time. You can enter the same mod in all four phases of the contest but, in order to be judged, there must be noticeable improvements to the mod upon the second or third submission. We're anxious to tell the world about your mod, but we'll want your help to do so. If you have an official web site for your mod, then we'll happily post your URL, along with the download URL you provide for the mod itself, on our contest web site once it is fully operational. One thing we're anxious to do with this mod contest is to help mod makers get professional status. Nearly half of the people who work on Epic Games' development team were former mod-makers! We want to help you make it to the big leagues as well. Think you have what it takes? Check out the Epic Jobs page.