"With the explosion of the film festival market, the circuit has become less about giving new and upcoming artists a platform as it has become just another vehicle for mainstream to strut their “artistic” side. First Take strives to be a return to the festivals of the late eighties and early nineties where visionary young filmmakers, musicians, and now visual artists, can premier the next great song, sculpture, or feature. As a result, the materials the founders will be looking for will be edgy, against-the-grain, and possibly even controversial."
More at First Take Film Festival.
And here's the withoutabox page for the fest.