Dan Leuck and I were talking a while back about this. I wonder if some angels here in Hawaii could underwrite summer programs that would select two or three teams from UH or other local university students to develop a commercial iPhone app over the course of a summer. This could be a paid internship. The iPhone market has really blown open the commercial software market because it completely solves the distribution platform problem and it lays bare how cheaply and quickly quality apps can be made given the right planning and development. You could probably fund each dev team for $8k or less for the summer. Assign each team an advisor who is an active software engineer here in Hawaii and a marketing / business person to help them think about their product. Just a thought.