Submissions for the competition are open until January 6 with the winner being announced at the beginning of Feburary.
An internet-based game jam has launched with entrants having the chance to be judged by an all-star panel of notable game developers.
The Indie Speed Run will encourage teams of one to four to complete a 48-hour game jam between now and January 6 with each team given a set of randomly assigned variables to include.
Instead of being tied to a single physical location at a single time, the Indie Speed Run can be completed from anywhere in the world with entries being submitted online over the time period. The 48 hours allocated begins from the moment teams register.
The judging panel for the seven finalists includes Minecraft creator Markus Persson, Monkey Island veteran Ron Gilbert, Trent Oster of Neverwinter Nights, Passage creator Jason Rohrer and Thatgamecompany co-founder Kellee Santiago.
The finalists will then go on to be judged by Zero Punctuation critic, Ben 'Yahtzee' Crowshaw, with the winner being announced on February 5. The overall winner will be awarded $2,500.
The games submitted will also be playable at The Escapist. Entry to the competition is now open and will require a $25 fee.
Registration for the more traditional Global Game Jam 2013 also opened up today with several jams taking place around the world. More than 175 sites have been confirmed for the 2013 event which will take place between 25 and 27 January.