If you like tinkering with new ideas for Web 2.0-type applications Builder AU and Adobe have teamed up to produce a competition with some pretty nifty prizes up for grabs.

To be in the running to win prizes like a 42″ Plasma screen, a number of XBox 360 systems, an iTunes gift card, and of course the kudos of having your application being number one you need to blow our socks off with your Web application built with Adobe’s Flex 2.0 beta 3.

The competition is open to only Aussie developers and will be judged using a point system by an independent panel of developers based on originality, ease of use, design, and the use of Flex features.

This is one of the coolest competitions we’ve had on Builder AU and we’re looking forward to seeing some innovative apps. Applications close on the 9th August, but the first 20 developers with apps to be selected for the Adobe online showcase gallery will receive an AU$50 iTunes gift card.

For information on how to get started visit our competition page at http://www.builderau.com.au/comps/adobe-flex-derby/.