The present invention relates to software development in a networked environment, and in particular to a method for automatically assisted generation of composite applications which are composed of instantiable components. The method includes a) dynamically accessing a data source comprising one or more components being potentially suitable for being used within said composite application, b) parsing said data source for a predetermined searched component according to a predetermined functionality specification standard, c) ranking found components according to predetermined ranking criteria, d) defining a list of selected usable components from said ranking, e) storing at least a subset of said selected components locally, f) automatically deploying said composite application from said selected components.