If YouTube is the King of viral videos then Vimeo is the King of creativity. The Vimeo community is overflowing with talented filmmakers, animators and all-around creative folk. Therefore, it’s no surprise that the video site is taking their celebration of creativity in online video a step further with the Vimeo Awards.

The Vimeo Awards will take place on October 8 and 9 in New York City and submissions and nominations are now open. As Vimeo truly wants to celebrate creativity in online video all over the web, and not just on their site, they have opened submissions up to all videos online, even if you’ve uploaded your video to another site.

Awards will be given in the categories of Narrative, Remix, Original Series, Documentary, Music Video, Animation, Motion Graphics, Experimental and Captured. The award show’s largest prize, The Vimeo Award, will be awarded to the best video, selected by judges from the top finalists in each category. This winner will receive a $25,000 grant towards producing new work. Feel free to submit your own videos or nominate someone else’s video.

Two honorary awards will also be given out. The Feature Presentation Honorary Award will honor innovation in the release of online feature film. The Digital Maverick Award will honor pioneering spirit in the online video world.

Vimeo has already put together an impressive collection of judges, including DJ Spooky, Morgan Spurlock, Adam Quirk of Wreck and Salvage, David Lynch, Roman Coppola, Nicholas Schmerkin, Nabil Elderkin, Doug Pray, Justin Cone, Jose Luis de Vicente, Lucy Walker, Nick Campbell, Vincent Laforet and Ree Treweek of the Blackheart Gang.

The Vimeo Awards are sure to open new doors for creativity on the Web, and give talented filmmakers the opportunity to promote themselves in a new way. We can’t wait to see the winning videos! Check out the video promos for the awards show below. Will you submit or nominate a video to the Vimeo Awards?