Want to contribute to the security industry and make a few bucks at the same time? OWASP is hosting the Summer of Code where they provide funding and support to enable the creation of some new security tools, documents and more.
If it sounds interesting then check out the page: http://www.owasp.org/index.php/OWASP_Summer_of_Code_2008
Here is the list of projects they suggest. But, you can submit your own idea too.
Best of luck