POYi (Picture of the Year International) just announced their “Emerging Vision Incentive” to help fund and showcase documentary photography work. The recipient gets $10,000 to devote to their project, which should focus on “daily life, social issues, cultural trends or news events.” The recipient also gets the opportunity to display their proposal at the 67th POYi competition at the Annenberg Space for Photography  in LA in June and their own exhibition in 2011.

You have to be an amateur of semi-professional and the project can’t have been previously published. The application process starts today and goes through May 31, 2010.

Get more info and the application here.