$500,000 grants for game devs

This seems legit, heard about it from several dependable sources:
http://www.tinyco.com/tinyfund
I'm gonna try out for it.
http://www.tinyco.com/tinyfund
I'm gonna try out for it.
Comments
Its quite tough trying to sell your game idea in 200 words. Fingers crossed...
I mean, what happens to your game if you don't 'win'? Usually, publishers/developers have NDAs that you have to sign that says, essentially, that they can still use your idea as they may have already thought of it.
Anyone got a link to the T&Cs?
Cheers,
QS
Edit: just found it, http://www.tinyco.com/tinyfund/terms.php
Even small competitions have 10 times more Terms and Conditions than this. I could go on... ;-)
But I'm wondering what they take in exchange.