Google has announced --a global programme Google Summer of Code (GSoC) that gives university students a stipend to write and develop code for various open source projects--is now open.
register here :
(http://www.google-melange.com/gsoc/program/home/google/gsoc2012)
If a student is able to pass all the exams, he will receive $5,000 while mentoring organisations will get $500.
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