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Android is the google sponsored operating system that they hope will run on all future phones, and with true google flair, they are offering some no-strings-attached funding to encourage developers to get involved.
If you want some of this money, you will need to move fast, though. They have split it into two packages:
Android Developer Challenge I: Happening now. You need to apply before March 3, 2008.
The top 50 entries each get $25K to fund their work, and then they also get the chance to apply for further grants (ten $275K awards and ten $100K awards)
Android Developer Challenge II: This part will only happen once the first android handsets become available - so we are talking the second half of 2008
As always - a breath of fresh air. Lets hope that some of those winning apps are good for learning!
If you want to find out more, visit the android site