Next season’s IRN-BRU Cup will have a bigger prize pot and one less round.
The first round draw – which features two new participants, Bray Wanderers and Sligo Rovers – will take place on Tuesday.
Dundee United are the defending champions.
The competition kicks off in mid-August, leading up to the final being played on the weekend of March 24 and 25.
The overall amount available for prize money is up by 9%, from £308,000 to £335,200. In addition, clubs travelling overseas will each receive a £5,000 contribution to their costs per game, which is a 25% increase on last season’s figure.
SPFL Chief Executive Neil Doncaster said: “Following the success of the new format of the IRN-BRU Cup in its inaugural season, we have worked to further improve the competition for clubs and supporters.
“By increasing prize money, removing one round and introducing more new teams to the competition, we believe this year’s IRN-BRU Cup will be stronger, more competitive and even more exciting. We look forward to the First Round Draw next Tuesday and wish all clubs the very best of luck.”