Throw down your mad skills and you might win some cash while you’re at it. [Zeta] tipped us off that Freescale just announced a new challenge. They call it the Make It Challenge and it centers around their 32-bit Kinetis microcontrollers. These are ARM Cortex-M4 chips and if you’re selected to compete they’ll offer their development hardware at a discount for you to get started.

You’ll need to jump through a few hoops. To be considered as a contestant you’ll need to preregister, cruise through some online training, and complete a quiz. From there, just come up with an idea and submit a design paper as the first round of competition. Ten finalists will rise from the group and take their design through to completion for judging in the fall. The top three will get some serious cash ($11,000 for first place) and be treated to an expense paid trip to Austin, Texas.