The New York Television Festival has partnered with AMC and the U.K.-based Channel 4 to launch an international co-development award for independent TV creators, the organization announced Friday.

The accolade, named the AMC-Channel 4 Drama Co-Development Award, will confer a $20,000 prize from the nets to a drama project.

To be eligible for the script development award, participants must be named official artists of the 2015 New York Television Festival. The participating artist will then have the opportunity to submit drama scripts and series pitches for consideration.

AMC and Channel 4 executives will assess the drama projects submitted and offer a guaranteed deal to at least one writer-creator. Creators in the NYTVF can submit a drama script for consideration outside their original project selected for the festival.