Previous recipients of the prestigious award include James McAvoy, Eva Green, Shia Labeouf, Noel Clarke, Kristen Stewart, Tom Hardy, and last year's winner Adam Deacon.
Anyway, enough about them - here are the nominees for this year's honour:
At 17, Elizabeth moved to New York to study acting at the Tisch School of the Arts. After graduating she took Sundance by storm in 2011 when she appeared in not one but two of the most highly praised films in the festival: Martha Marcy May Marlene and Silent House. Most recently Elizabeth has completed production on the Spike Lee directed remake of Oldboy, opposite Samuel L. Jackson and Josh Brolin.