Adobe awards students who do cool stuff with art and technology. Those awards are called the Adobe Design Achievement Awards. From the site:

The Adobe ® Design Achievement Awards celebrate student achievement reflecting the powerful convergence of technology and the creative arts. The competition - which showcases individual and group projects created with industry-leading Adobe creative software - honors the most talented and promising student graphic designers, photographers, illustrators, animators, digital filmmakers, developers and computer artists from the world's top institutions of higher education.

The long and short of it, the ADAA's show off some of the coolest uses of our tools around by some of the most innovative people in our community: students.

There's now a gallery showcasing former winners. Check out stuff of their stuff, you won't be disappointed.