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* '''System-Testing phase''' - Each problem that survives through the challenge phase is run on many diverse test cases. Coders are awarded points for problems that pass all test cases, based on the speed and difficulty of problems solved. At the end of the contest, ratings are updated to incorporate each participating coder's performance.
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 [[component]]s and [[application software|applications]] that third parties have contracted for.
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