Bebo is partnering with Music Nation to launch the OnStage talent competition on its site, reports Wired.

The most talented will receive a record deal with Original Signal and Epic Records and a performance at a South by Southwest party in Austin. The grand prize will be decided by staffers from Bebo, Music Nation, and the two record labels.

The contest features a "head-to-head" voting system that supposedly cannot be manipulated. Bebo members will vote the better of two randomly selected bands, and the band with the most votes will take home a cash prize.