Heard a good one lately?  Comedy idea, that is. If so, you may earn a shot at a $25,000 development budget and collaboration with the truTV team to come up with a cultural classic laff riot.

The truTV Comedy Breakout Initiative will return to the New York Television Festival. The comedy-centric network is looking for premium, creator-driven comedy formats with distinct points of view. Submissions for the competition will be open from May 2 through May 23.

The full creative brief and submission process can be found at NYTVF.com. Finalists in the initiative will be invited with “Official Artist” status to the 14th annual New York Television Festival from July 14-19. 

The competition is seeking scripted and unscripted ideas, and there is no fee to submit.