From the official website:

Through the ARMED WITH A CAMERA FELLOWSHIP emerging media artists will capture their world, surroundings and outlook on life as a part of a new generation of Asian Pacific Americans. Visual Communications (VC) seeks to cultivate a new generation of Asian Pacific American media artists committed to preserving the legacy and vision of VC.  ARMED WITH A CAMERA FELLOWSHIP will award up to ten fellows $500 to complete, within a four-month span of time, a five-minute digital video. 
 
Final projects must be shot in digital video format and completed by April 21, 2006.  A special program will showcase all completed projects at various VC exhibitions across the city of Los Angeles, including the VC FILMFEST: The Los Angeles Asian Pacific Film Festival and other venues nationwide.  VC will own the productions and will also package and distribute completed works.  Distribution income will aid in the continuation of the Armed with a Camera Fellowship.