I had heard of the Imagine Cup in the past, but did not realise it's reach.
This from Nick Ellery (http://blogs.msdn.com/msozacademic)
"Imagine Cup is the world’s premier technology competition for students. Each year, students are provided with a theme – this year, the theme is extremely topical and relevant – “Imagine A World Where Technology Enables a Sustainable Environment”. Last year, we had over 100,000 students enter worldwide... " This year, students can go in the draw to win internships, trips to France, cash prizes, xbox 360’s, HTC touch mobile phones and internships at Readify Consulting. There are 9 categories students can enter:
Software Design – Games Development – IT Challenge – Algorithm – Project Hoshimi Programming Challenge – Photography – Short Film – Interface Design – Embedded Development