I've fought court battles over my inventions before.

It's the unlikely juxtaposition of creativity and logic which causes the wooliness and confusion around the term 'innovation'. Everybody wants to be innovative; many companies and ideas are proclaimed to be innovative and no one doubts that innovation is a money spinner. And, thus, we are all looking for the magic formula. Well, here you go: Creativity + Iterative Development = Innovation.

If you really want to improve technology, if you want things to work better and be better, you've got to protect the person who spends a lot of effort, money, and time developing that new technology.

Hire inexperience. This year we plan to hire 200 engineers - half of whom are recent grads. Young people are not burdened by years of experience. They haven't learned - or been told - what is right or wrong. With engineering, there is no tried and tested path. You try, and fail, and fix, and fail again.

Today, computers are almost second nature to most of us.

Designing aircraft and racing cars is an extremely exciting thing.

Engineering undergraduates should not be charged fees. They should receive grants, not student loans, and the government will get the money back long-term from increased exports.