Offering "international prestige and valuable prizes," the 2007 Adobe Design Achievement Awards are now accepting entries from student designers, photographers, illustrators, animators and digital filmmakers. The press release has more info, and the site lists offical rules & so forth.  Loot includes $5k per winning entry, Adobe software, plus a trip to San Francisco for finalists to participate in the awards ceremony.  You can also check out the gallery of winning 2006 entries.  [Via]

On a similar note, the Pixel Awards (not connected to Adobe, as far as I know) have showcased their set of 2006 winnners. They have a sign-up form if you’d like to submit in ’07.