Oculus, Valve, and their VR partners are sponsoring competing "VR Jams" to encourage the VR community to build applications for their platforms.
The sold-out Austin Vive VR Jam ( http://www.eventbrite.com/e/austin-room-scale-vive-vr-jam-tickets-16644608472 ), sponsored by HTC, Valve, and nVidia, took place on May 9-10. At this non-competitive event, participants were told to design a 3-4 minute max game experience, with graphics that would perform well at 90 fps, for a 15'X15' Vive with body tracking installation.
The Global Oculus Mobile VR Jam has attracted over 300 submissions targeting Game and App/Experience ( here: https://vrjam.challengepost.com/submissions ) chasing over $1M in prizes. The competition website has an area for individuals to post their skill sets to help bring virtual teams together. After May 11th, the submissions will be judged by Oculus’ panel with includes: Palmer Luckey, John Carmack, and Lydia Choy, all from Oculus as well as seven others from places like Epic Games, Unity, DreamWorks, and Telltale Games. The final results will be announced on an as-of-yet-to-be determined date in June.
You can see videos of some of the submissions here: http://uploadvr.com/see-60-new-titles-coming-to-gear-vr-thanks-to-the-oculus-mobile-vr-jam-videos-inside/?hvid=5CB9qS