Chad Fowler just reminded the Ruby community that free money is up for grabs if you have a cool idea for a codefest. There’s a total of $1,500 in the pot and $500 max on a per-project basis. Chad suggests a couple of ideas that could get a grant:

• Ruby Subversion bindings
• A nice bug tracker in Rails
• Something that simplifies the open source ruby library release process, integrating RAA, RubyForge, ruby-talk, Freshmeat, and RubyGems

So what are you waiting for? Get the band together and apply for the Ruby Codefest Grant Program.