Sir James Dyson has decided to set up his own educational institute of sorts, the Dyson Institute of Technology, because he’s got engineering skills and he’s not afraid to share them.
It’ll be based at Dyson’s campus in Malmesbury, Wiltshire and have ties with the University of Warwick, which will initially award students their degrees. Though Dyson’s institute will take its first 25 students next September, it’ll only gain actual university status with the government’s approval.
“[The shortage of engineers is] a problem in America and Europe and has started to become a problem in Japan,” Sir James said, adding that he was advised to launch his own institute after complaining about the UK’s shortage of engineers to the government.
“It seems that the fast-growing economies or emerging nations really recognise the value of engineering, but when you reach security there is less interest in what makes you successful.”
He’ll pump £15 million into the Dyson Institute of Technology over the next five years, and says that students will be paid a salary and won’t have to fork out tuition fees. They’ll also work on "live projects" over the four-year engineering course, with their creations expected to go into production and eventually hit the shops. [BBC, Guardian]