Rapid7 puts up $100,000 for open source security projects

Rapid7 created a $100,000 investment fund to support up to seven promising open source projects in the security industry. The "Magnificent7" projects will be identified and supported through the remainder of 2011 and into 2012.

Any security-related open source project - with a preference for BSD-compatible licensing - is applicable and encouraged to submit a "Magnificent7" application.

After the Rapid7 program committee reviews all initial proposals, promising projects will be chosen to participate in the second round of application, taking place at the UNITED Security Summit, where they will be granted a 45-minute presentation and in-person Q&A session with the Rapid7 committee.