Two students at the International Film School Wales are asking people to donate money to fund their first full-length feature film in return for a mention in the credits.

Inspired by the Nottingham student who earned £500,000 recently selling advertising space on his website, Andrew Cargill and Tony Lane are inviting people from all over the world to pledge £3 or more through their website, themilliondollarmovie.com, which is being launched tonight.

Everyone who donates money will receive a screen credit as executive producer on the film, should it come to fruition. The pair also hope to make the book of Guinness World Records for the film with the longest credits.

"We've come up with a novel way of making a million dollar movie that will involve thousands of people, all of whom will make up the longest list of credits on a film," said Lane, 27, the screenwriter and director of the film, which has the working title of Waking Dreams.

"Like students everywhere, Andrew and I have dreamed of making a 90-minute film, but as it costs at least a million dollars there's no way we could raise that kind of money. That is why we came up with the idea for what we're calling the Million Dollar Movie Project."

He added: "I believe that anyone, anywhere, who has an interest in films and in how they are made will want to be a part of this."

The film, which the two intend to shoot in London and the Welsh town of Brecon, is about a hard-headed businessman who undergoes a life-changing experience that brings him closer to his family in Wales.

The crew will comprise fellow students from the school. They will also be shooting a documentary charting the making of the film, which the financial contributors will be able to view online.

"They'll be able to see the film take shape and make comments and contributions through an online forum," said Cargill, a 19-year-old animation student.

"If we have a problem with a scene we will consult our contributors. We might even let them choose the ending to the film," said Lane, who is majoring in film and video.

The ambitious film-makers are hoping the feature will have a West End premier and be shown at festivals around the world.