 The core project of the Cinemalaya is the annual Cinemalaya Independent Film Festival and Competition which provide financial grants for the production of, at most, 10 full-length feature films which will then compete for the Best Full-length Film award.It also awards financial grants to the production of five full-length feature films by veteran directors in the Directors Showcase category.The Cinemalaya competition also recognizes the work of short filmmakers .