More than 100 short films showcasing the next generation of British film talent will be screened during the three-day event.
In addition, festival-goers can attend 'how to' workshops on scriptwriting, digital platforms and promotion, organised by the London Film Academy, who are also sponsoring the event.
On Friday 18 March two BAFTA nominated filmmakers including Virgin Media Shorts winner Luke Snellin will take part in a Q&A and BAFTA will also host their Nominated Shorts Screening.
The National Student Film Awards will take place on Saturday 19 March at 8pm to highlight the best of the festival including the Audience Choice Award voted for by festival-goers.
Festival director and Southwark student Chris Nunn, who is currently studying for his MA in Digital Film and Video at London South Bank University, was instrumental in bringing the festival to London, after it had spent the last six years in Bristol.
Chris, who is a previous Screentest winner himself, said: "We're so proud to be hosting this year's Screentest at London South Bank University, a stone's throw from the heartland of British film heritage on the South Bank.
"We've had a record-breaking number of films submitted this year, proving that the UK's creativity in film shows no signs of abating.
"It's so important that student filmmakers get recognition at this development stage, and Screentest provides an inclusive platform for emerging film talent that might not otherwise get seen."
BAFTA nominated short filmmaker Luke Snellin said: "I'm really proud to be involved with the Screentest Festival, I love the medium of short film and I think it's great that there is a festival dedicated to finding the best new student work.
"I remember seeing Christopher Nolan and Ridley Scott's first short films and being inspired at University, so the idea that new directors are exhibiting their first films at Screentest is very exciting."
Related website: www.screentestfest.org.uk