Epic Games has teamed up with chip company Intel to launch the 2008 edition of its “$1 Million Make Something Unreal Contest.” This time around, the PC mod competition will be sponsored by Intel.

The grand prize consists of one Unreal Engine 3 license. In total, over $1 million in cash and prizes will be given to winning contestants, including Velocity Micro PC units based on Intel’s latest Dual Socket Extreme Desktop Platform.

“To all you aspiring game developers out there – this is your chance to get in the big leagues. We have categories for all kinds of creatively talented people including programmers, artists, 3D modelers, designers and even aspiring film directors,” said Mark Rein, vice president of Epic Games. “You get to use the same world-class Unreal Engine 3 toolset we used to create Unreal Tournament 3 and Gears of War. Unreal Engine 3 is used by many of the industry’s leading game companies, so this is truly a chance to prove your worth and get your foot in the door of the game business while having your work potentially exposed to millions. To get mod-makers started, the collector’s edition of Unreal Tournament 3 includes over 20 hours of 3D Buzz’s professional-level video training materials for the Unreal Engine 3 toolset.”

Contest rules can be found at Epic’s official website.

Follow this author on Twitter.