This week, Microsoft is hosting a week-long event that supports startups and students at the Microsoft Technology Center in Silicon Valley. You can view the progress in action at the Incubation Week Facebook site.

Participants receive one day of training and three days of active prototyping and development time on their chosen application. The final day consists of packaging and reporting to a panel of judges.

The week-long event promises to open up the possibilities of both students and startups.