Ableton has announced Beat The Clock, a competition in which you are to download a free Live Pack and create an original track within 24 hours.

Once you start downloading the Live Pack you have 24 hours to create and submit your track.

Ableton has teamed up with SoundCloud and collaborated with some of our favorite artists for this very special contest. A free Live Pack featuring sounds from atmospheric pop titan M83, indie electronic stars Junior Boys, and LA beatmaker Nosaj Thing is available to all Live users from May 14th through May 28th. Use these loops, stems and presets to create a new, original track.

One catch: you only have 24 hours to create and submit your work.

The countdown starts with your download. Get your creative juices flowing and show us what you can do in just one day. After all entries have been submitted, the SoundCloud community and the artists themselves will choose the best tracks. Prizes include a trip to Berlin, Ableton Suite with free upgrades for life, five years of a SoundCloud Pro Plus account and more.

The contest ends May 28, 2012, 11:59PM.

More information: Ableton