Re:The Next Microsoft
by cdcarter on Tuesday July 03, 2012 @11:40PM
(#4197474)
It's, in fact, fairly common. Some companies even go so far as to ally with the AAF and other organizations for national competitions.
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Here's some example student projects from a leading design school:
http://www.artcenter.edu/accd/gallery.jsp
Refresh a couple times to see more. Many are commercial, and some of those are for established brands.