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

We have to change our culture so you can create wealth from making things and don't just try to make money out of money

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.

The important thing is to learn from mistakes - something graduates are adept at. Our graduate engineers are working on new technology - from uncharted applications for our digital motor, to a new take on the hand dryer. With an unhindered mind, nothing is off limits.

Don't listen to experts.

Engineering is treated with disdain, on the whole. It's considered to be rather boring and irrelevant, yet neither of those is true.

One of the most fun inventions of my lifetime is the Mini.