Activision has officially launched their own Independent Games Competition starting yesterday, inviting all developers based in the United States to submit their completed or in-development games before the 31st of August, 2010. Two winners will be selected after the submission phase has ended, with the first-placed winner receiving $175,000 to develop their title, while the runner-up will be awarded $75,000 as development funds for their project.

Winners from the first round is set to be revealed sometime in October 2010. A second phase of the competition will begin at a later date, with details about that round to be revealed by Activision soon.

More details about the competition can be found over at Activision's Sweepstakes page.