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.

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

Successes teach you nothing. Failures teach you everything. Making mistakes is the most important thing you can do.

[In my home workshop,] generally I'm mending things, which is interesting because you learn a lot about why they broke.

We need to encourage investors to invest in high-technology startups.

Anger is a good motivator.

So I think the winners in recession are the people who produce new technology that does things better, which people really want.