Google just announced that they will sponsor 18 Drupal developer stipends in this year's Summer of Code program (SoC). Google provides a stipend of 5,000 USD to each student developer, of which 4,500 USD goes to the student and 500 USD goes to Drupal Association (or to the mentors). With 18 accepted applications this adds up to a 90,000 USD investment over a three-month period, bringing the total investment made by Google in Drupal through SoC to over $450,000 USD.
The accepted students, their projects, and the mentors are listed on the official Drupal.org announcement. Congratulations to all successful applicants, and thanks to the Drupal Summer of Code organizers, the Drupal mentors, and last but not least, Google. The summer is of to a great start!