Since I have a hard time keeping up with a fanfic every week, I decided that I just choose one fanfic per month. This would be much easier for me, also, it would be a more valuable award as there could only be one featured fanfiction per month.
Requirements? The requirements are just the same as the fanfiction of the week requirements. The length would vary though since there are some great fanfictions are less than a page long. But if you want info, you could go to this thread: Fanfiction of the Week
How could your fanfic get featured? Well, your story has to stand out out of all the other fanfictions. If you just started in the whole writing biz, this thread would help you: Pokemon Fanfiction Writing Guide v.2.0