TheNextBigWriter.com is sponsoring their Strongest Start Novel Competition for 2008. The prize is $2,000 worth of editing services for your novel.
Writers post their first three chapters in a closed online forum where they receive feedback to improve the submission until the contest deadline on April 16, 2008.
I didn't see an entry fee, but they have some kind of fee to join the website and post. It's $7.95 for a month and about $14 and change for a quarter. Three winners will be chosen and there are cash prizes in addition to the editing service.
Everyone who enters will get feedback from the website members on their chapters. TheNextBigWriter.com was voted one of Writer's Digest 101 best websites in 2007, so it doesn't look like a bad deal. But as always, read the fine print before you submit.
1st place $100 plus editing services
2nd place $50 plus free 90 day membership
3rd place $25 plus free 90 day membership