There are a lot of writing contests, but this one is well run (they have two judges per entry but if the scores are too far apart, they add a third judge and drop the lowest score). Also, the judging means if your entry is a finalist, an editor or agent will read it! Plus, even second and third win a small monetary prize, and all finalists receive a certificate at the conference banquet. Having a room full of people applauding you is a great feeling.
If you're interested, get ready. The contest will open in mid September. Keep an eye out, hone your synopsis, rework your opening (the submission chunk can be as short as five to ten pages), and be prepared to send in your entry!