But the shocker was when I saw "weekends". This initially sounded like a full-time thing, which would be amazing. And why not have some more hard deliverables and have it count as a 3-4 hour elective credit?
As for "You do have a chance but you would need to find a technical founder yourself."
Harsh. Georgia Tech has a ton of great minds on campus. Setup a site with the CoC allowing students to create a simple profile and express interest in potentially pairing with others for Startup Semester. Like the "I'm looking for a job" checkbox on github.
(For those reading this, Georgia Tech also has an incubator called Flashpoint http://flashpoint.gatech.edu/ )