The 2020 Vanda & Young Global Songwriting Competition is taking submissions

Think you’ve got the goods? The 2020 Vanda & Young Global Songwriting Competition is now taking submissions.

The annual songwriting contest offers a first-place cash prize of $50,000, courtesy of APRA AMCOS, Alberts and BMG, arguably the biggest purse for any songwriting competition in the world.

Also up for grabs is a $10,000 sum for the second-place-getter, courtesy of legals Banki Haddock Fiora, while third place scores A$5,000, thanks to Aon.

The best-of the-next-generation can bag $5,000 with the AMPAL Emerging Songwriter Prize, previously known as the Unpublished prize, with the cash donated by the Australasian Music Publishers Association.

Applicants chip in an entry fee of $50 per submission, with all money raised going to Nordoff-Robbins Music Therapy Australia (NRMTA) programs. To date, entrants have raised over $1.2 million for good causes.

Songwriters from around the world are invited to enter the 2020 Vanda & Young Global Songwriting Comp for a career-changing first-place cash prize of A$50k.

Entries are NOW OPEN: https://t.co/LNYgBtsCDl#vandayoungsongcomp #songwriting pic.twitter.com/al1xsvhGvW

— Vanda & Young Global Song Comp (@VandaYoungComp) March 11, 2020

The now-annual competition last gathered 3,683 entries from 48 countries last year, raising more than A$184,000 for NRMTA.

Matt Corby and Dann Hume’s ‘Miracle Love’ went on to win top honours at the 2019 Vanda & Young Global Songwriting Competition, with Sarah Aaron’s multiple APRA Award-winning smash ‘The Middle’ in second place. Brisbane artist Sahara Beck bagged third place with “Here We Go Again.” And the-then 21-year old Melbourne singer-songwriter Kaiit scored the emerging songwriter award.

Listen to Matt Corby’s ‘Miracle Love’:

The prize takes its name from the iconic songwriters and founding members of The Easybeats, Harry Vanda and George Young, who passed away in October 2017.

Entries for this year’s contest close 11.59pm (AEDT) on Thursday, May 14. An industry panel featuring artists Lior and Dallas Frasca, triple j Unearthed’s Dave Ruby Howe, veteran artist manager Cathy Oates, A&R legend Peter Karpin, and many others, will make their decision at a later date.

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This article originally appeared on The Industry Observer, which is now part of The Music Network.