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TopCoder used to give out money every week to [[coders]] who did well in the weekly competitions, or Single Round Matches (SRMs), in a business model that seemed paradoxically brilliant. SRMs are now sponsored by outside companies such as [[Google]] and [[Yahoo!]], and prize money is not awarded except for twice a year to winners and finalists of the TopCoder Collegiate Challenge (TCC, which is in the spring) and the TopCoder Open (formerly the Invitational, which is in the fall).
The business plan behind [http://www.topcoder.com topcoder.com] is actually rather interesting. One goal is to be a sort of 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 solve real world problems that third parties have contracted for.
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