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TopCoder initially awarded money every week to [[coders]] who did well in the weekly competitions, or Single Round Matches (SRMs). SRMs are now sponsored by outside companies such as [[Google]] and [[Yahoo!]], and for a while, prize money was only awarded twice a year to winners and finalists of the TopCoder Collegiate Challenge (TCCC, which is in the spring) and the TopCoder Open (formerly the Invitational, which is in the fall). As of [[June 2005]], some weekly SRMs began to once again award prize money.
The [[business plan]] behind [http://www.topcoder.com topcoder.com] comprises several objectives. One goal is to be a recruitment center where companies can come and find programmers who are proven to be highly skilled. Another aim is to be an [[outsourcing]] center. TopCoder also hosts design and development competitions in which coders can compete to create [[software componentry|component]]s and [[application software|applications]] that third parties have contracted for.
TopCoder design and development competitions are week-long competitions. New components are posted every Wednesday, and coders can choose a component from a list of [[Java programming language |Java]] and [[Microsoft .NET|.NET]] components, and they have a week to design or develop their chosen component. Each week new components are posted. Development components are generally components that have been designed in a previous component design contest.
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