Google Summer for Code 2009 is now OPEN

Google Summer for Code 2009 is now open and accepting the applications for this years program. Students who have a great ideas and interest in working on problems can apply and get an experience of Open Source development.

Students can choose from 150 Open source Software projects and will be paired with mentor for guidance and coaching for three months and on successful completion will receive a stipend for $4500.

Students should read the User Guide and register for the program here.The member who wants to join here should be a student or act as a mentor. People from any part of the world can join except from a few as said in this FAQ.

Mentor organizations must be organizations or individuals running an active and viable open source or free software project whose applications are approved by Google's Open Source Programs Office. Organizations based in Iran, Syria, Cuba, Sudan, North Korea and Mynamar (Burma), with whom we are prohibited by U.S. law from engaging in commerce, are ineligible to participate. Please see our Program Terms of Service for additional stipulations and requirements.

More details on the same can be found here.