IBM-smart-campIBM will be kicking off its annual startup pitch competition called SmartCamp next month.

This year, IBM is collaborating with Jason Calacanis and his organization Launch Media.

The Austin competition will take place at Capital Factory on Sept. 16th. Finalists from Austin and other cities around the world will travel to San Francisco to attend the SCALE Conference in October and meet with key Silicon Valley investors.

The competition takes place in 30 cities. Ten finalists will proceed to the next round, three of which will be selected to pitch at LAUNCH Festival in February of 2016. The IBM Global Entrepreneur of the Year will be offered a spot in Jason Calacanis’ 3-month LAUNCH Incubator and receive a $25,000 prize.

Startups interested in participating can sign up here. Registration closes Sept. 2nd. To participate, startups must have a minimum viable product, be less than five years old and have less than $1 million in revenue.