I was brainstorming with some brilliant ex-BUET engineers in Dallas and this idea came to us:
1. Pick 10 enterprising and resourceful kids from final year CSE (the self-starter types rather than good-in-the-exam types). This is the critical step. They must be willing and able to read reams of code and figure out how a software is working.
2. Give each a cubicle and a Internet-connected computer.
3. Point them to sourceforge and other open source repositories.
4. Tell them they have 12 months, during which they will get paid, to build whatever they want using open source code. Of course they must show up every day and work on their project.
Who knows, something interesting may come out of this. Cost? Maybe 25-35 lac?