Just a few hours ago, the finalists of the Imagine Cup 2004 were announced in Sao Paolo, Brazil. The two Belgian teams were both still in the last final round. In the "Software Design Invitational" the Belgian "New World" team ended on the 5th place and in the "Rendering Invitational" the Belgian "Nautilus" team ended on the 3rd place. Congratulations to all finalists for their accomplishment and a special shout out to 2 the Belgian teams.

Links:
H2Ocean project by the Nautilus team (Charles-Frederik Hollemeersch, Elisabeth Hollemeersch, Wesley De Neve)
New World project (Steve Lanuit, Laurent Mazzapicchi, Pierre Ioannatos)
Belgian Imagine Cup website

Update: Howard Lo has some more results...

Update 2: Microsoft's official press release

Update 3: Channel9 interviewed Microsoft's Imagine Cup team.