Google Launching Summer Of Code 2015: Participate Now
Every year since its inception in 2005, Google organizes an annual program called the Google Summer of Code (GSoC), wherein students work on open source projects of various organizations during the summer. The GSoC is for students over 18, and its counterpart for high school kids is Google Code-In.
After the program is announced for each year, open source organizations first submit their applications to Google to be selected as mentoring organizations. Once mentoring organizations are announced, students submit detailed proposals to work on the projects of the selected organizations. The selected students then code during the summer, working with their respective mentors to complete their projects. On successful competition of the project, Google pays each student developer a stipend of US DOLLAR 5500, and US DOLLAR 500 for each successful project goes to the mentoring organizations.