Vimeo was created by filmmakers and video creators who wanted to share their creative work, along with intimate personal moments of their everyday life. As time went on, like-minded people came to the site and built a community of positive, encouraging individuals with a wide range of video interests.

Celebrating the best in online video, the 2012 Vimeo Festival + Awards are jam-packed with new judges, new categories, and new monies — $5,000 grants for category winners and one $25,000 grand prize.
Beginning today through February 20, 2012, filmmakers can submit their works for consideration in one of 13 different judged categories. With the continued exponential growth of quality online video, Vimeo is recognizing four new categories:

Fashion: Fashion photographers are exploring creative filmmaking, blurring the line between fashion and art. Similarly, designers are able to bring to life the mood and inspiration behind their collections in greater detail and with more emotion than through still photos.

SUBMISSIONS OPEN FOR THE SECOND VIMEO® FESTIVAL + AWARDS

Action Sports: As lightweight, durable, and wearable HD cameras have become more accessible, adventurers, athletes, and documentarians can go anywhere while filming it all.
Advertising: Due to the high volume of content online, advertisers have been forced to become increasingly creative in order to reach audiences. As a result, many people now seek out commercial films as standalone entertainment.
Lyrical: This category celebrates videos that showcase the natural world or personal experience using a dramatic creative style. With filmmaking techniques such as slow motion and time lapse now increasingly available, these videos provide thought-provoking and oftentimes heart-wrenching windows into other people’s worlds.
A full list of the video categories can be found at www.vimeo.com/awards.

The 2010 Vimeo Festival + Awards from Vimeo Festival + Awards on Vimeo.

for eg:

CATEGORY: ADVERTISING

A short video commissioned by a brand or advertising agency to promote a company, product or service.

JUDGING CONSIDERATIONS:
We are looking for Submissions that showcase outstanding creativity both in the thinking behind the campaign and in its execution.

REQUIREMENTS:
Maximum Length: 10 minutes
Minimum Length: 25 seconds
Submissions must have the express intent of selling or promoting a product or service.
There is no limitation to the style or format. You must have the permission of the advertiser (and advertising agency, where applicable) to enter the video in the contest.

You can Further Check other categories where you are talented !
Its a huge $$ awards and your profile will be known all over the world. so start submitting your videos.