The International Woolmark Prize will extend to further Asian and Indian regions this year.
Entrants hailing from China, Hong Kong, South Korea, Japan, the Middle East, Pakistan and Lebanon will vye to take home the 2013 award.
Kara Hurray, regional marketing manager at Woolmark, said organisers wanted to “reach out globally”.
She said: “Woolmark already has such a strong presence in Asian markets such as China so we really want to build on this and continue the competition’s momentum internationally.”
In Asia, judges will include Calvin Klein’s global creative director Kevin Carrigan, Vogue China editor Angelica Cheung and Christian Wijnants, winner of the 2012-13 International Woolmark Prize among otheres.
Designer Martin Grant, and Sunil Sethi, president of the Fashion Design Council of India are among the judges for India.
The regional finals of the competition will take place over the next two months and the overall winner will be announced at Milan Fashion Week in February.
The prize includes $100,000, (£65,000) and the chance for their collection to be stocked at Harvy Nichols, Saks Fifth Avenue, 10 Corso Como, Joyce, and David Jones in Australia.