It's a good time to be an indie in video games. Activision CEO Bobby Kotick announced a $500,000 indie contest at DICE 2010 and the event itself got in the action with the first annual Indie Game Challenge. G4's Adam Sessler was on-hand to host the event, where beautiful puzzler Cogs and inventive action game Gears were the big winners, with each developer being awarded $100,000.
The Lazy 8 Studios-developed Cogs won the grand prize in the "professional" category, while Team 3's Gears took the "non-professional" prize. Each prized earned them $100,000, though. Not bad.
DICE has already confirmed the Indie Game Challenge is coming back next year. Submissions will be accepted starting sometime in May, with the entry window closing in September.