Here’s what Brighthand has to say:
“… To give people more incentive to create software for the Android platform, Google has launched the Android Developer Challenge, which will provide $10 million in awards for great outstanding applications. The award money will be distributed equally between two phases.
Android Developer Challenge I will run from January 2 through March 3, 2008. The 50 most promising entries received will each receive a $25,000 award to fund further development. Those selected will then be eligible for even greater recognition via ten $275,000 awards and ten $100,000 awards…. “