I just found out that Eternal Knight made it to round two of the Amazon Breakthrough Novel Awards! There were 5,000 books entered in the contest. 1,000 made it to round two. Round one judging was based on a 300 word "pitch" letter.
Round two results will be posted on March 20th. 250 authors will make it to round three. Judging for round two is based on the first 5,000 words of your novel (the first two chapters of EK).
The full manuscripts aren't evaluated until they get to the third and fourth rounds. This is also when you start to get some public attention. In the final round the last three contestants are flown out to Seattle for the presentation of the grand prize winner. The prize? A publishing contract with Penguin and a $15,000 advance on your first novel.
Very exciting! Not that I'm counting chickens or anything...