Wolverine Soft is hosting a game development contest this weekend in which a group of participants design a game within 48 hours. Game themes are announced at the beginning of the event.
Participants don't need to be game programmers - musicians, artists, and people with design ideas are welcome as well. Registration is open to current students of any university in Michigan or alumni who have graduated in the past 6 years (except those currently involved in the video game industry). Pre-registration is encouraged.
Read more about the event and its rules here.