The awards event will cover around 20 categories, ranging from Best Venue Teamwork - Arena/Concert/Club, Promoter of the Year and Best Media Campaign, to Agent of the Year, Breaking the Mould (live show innovation) and Best Record Company Partner.
The winners will be selected through votes cast by groups of carefully selected professionals with direct experience in the respective categories, supplemented by open voting online.
Meanwhile, The Summit itself will feature conference sessions covering vital topics affecting the industry, keynote presentations, a celebrity Q&A session and an afternoon of special panels devoted to the unsigned and emerging artiste sector.
"As the live industry seems to be weathering the economic downturn with a combination of caution and its usual enthusiasm for making things happen, we decided to shake up the whole event this year, with new production, set changes and the launch of the awards," says The Summit's executive producer Steve Parker.
"We try to present something for everyone involved in the business of contemporary live music, but overall we want to bring people together to share ideas and experiences."
The Summit takes place on 6-7 October at the Radisson Blu Portman Hotel in London's West End, with the inaugural Live Music Business Awards at the hotel, on the evening of Thursday 7 October.
(Jim Evans)