LONDON (AP) ― A new literary prize is hoping to beat the Booker to the title of Britain’s most prestigious fiction award ― in part by including Americans.

Unlike the Booker Prize, which is open to British, Irish and Commonwealth writers, organizers said Wednesday the new Folio Prize will be open to any English-language writer whose work has been published in Britain.

The Folio Prize will hand out its inaugural 40,000 pound ($60,000) purse in March 2014.

The award was set up by a group of writers, publishers and agents amid debate over whether the 44-year-old Booker Prize is guilty of dumbing down. Recent Booker winners have included relatively best-selling authors such as Hilary Mantel and Julian Barnes, leading to criticism that edgier voices are being overlooked.

The new prize is named for its sponsor, publisher The Folio Society.

The prize rules state that each year a panel of five judges will be drawn by lot from a 100-strong Folio Academy of “highly respected, award-winning writers and critics from across the globe.’’ It’s a high-profile group, dotted with Booker and Pulitzer winners, that includes novelists Margaret Atwood, Pat Barker, Peter Carey, Mohsin Hamid, Junot Diaz and Salman Rushdie.