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The Walt Disney Company has announced the creation of the Disney Memorial Pausch Fellowship at Carnegie Mellon University in recognition of the passion and energy Dr. Randy Pausch brought to his work at both Carnegie Mellon and Walt Disney Imagineering. Pausch is best known for his life-affirming “Last Lecture,” which he delivered to his students and colleagues a few weeks after learning he had just months to live. Intended as a roadmap for his three young children, the lecture included his insights on finding the good in other people, working hard to overcome obstacles and living generously.

“Randy Pausch lived his life inspiring his students, colleagues and co-workers. Now, the vitality and energy he brought to his classroom lives on and serves as an inspiration to millions of people he never had the chance to meet,” said Disney President and CEO Bob Iger. “We are proud to honor Randy’s passion by supporting the innovators and dreamers of tomorrow with these fellowships.”

As much as anyone Dr. Randy Pausch embodied creativity and technology combined. His work founding and teaching at the Entertainment Technology Center for Carnegie Mellon University, his life long passions, including working for Walt Disney Imagineering, and his emotional “Last Lecture”, in fact a gift for his kids, are good models for us all. So it makes sense that Dr. Ed Catmull, the co-founder of Pixar and current President of Pixar and Walt Disney Animation Studios, be awarded the first Randy Paucsh Prize.

Without the leadership and vision of Dr. Ed, Pixar would not exist; without his passion for excellence and creativity, Pixar would not have hit every ball out of the park with a perfect record of films out of the Emeryville Studios. Catmull will give a speech at CMU on September 26th when he receives his award.

The full press release is below the cut: