Similar to microsoft acadamic projects programme,Oracle foundation has started a similar program called "
think quest". Ofcorse its all about creating websites that are useful rather than projects.
ThinkQuest inspires students to think, connect, create, and share.
Students work in teams to build innovative and educational websites to
share with the world. Along the way, they learn research, writing,
teamwork, and technology skills and compete for exciting prizes.
Compete Students, ages 9-19, form a team and
recruit a teacher to act as coach. Once the coach enrolls the team,
students work together to create an innovative website on any topic
within a broad range of educational
categories. Diverse teams and globally relevant themes are encouraged.
In my view, think quest can be starting point for any one who wants to achieve some thing out of team work but the ultimate challenging work would be the microsoft's acadamic project programme.
Reply me if u find any better or similar sites.