Google Code has released info on the “Summer of Code” program where Google will pay $500 and mentoring to launch your application and $4000 as reward once completed.

Participating organizations include:

The Python Software Foundation (ideas)
The Perl Foundation (submission guidelines & ideas)
The Apache Software Foundation
Ubuntu Linux (ideas)
The Mono Project (ideas)
The Gnome Foundation (ideas)
The Wine Project (ideas)
The Subversion Project (ideas)

Great news for the open source community, new developers (this is geared towards students), and google (early pickins’ of quality talent).

More information here.

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