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Entrepreneur Sir James Dyson is launching his own university to deliver the engineering graduates that British businesses are struggling to find, writes Alan Tovey for The Telegraph.

The product that made Sir James Dyson famous, the cyclonic bagless vacuum cleaner, came about because the inventor wasn’t satisfied with what was available on the market back in 1978. Five years and 5,127 prototypes later, he came up with his own design that did exactly what he wanted. Now the entrepreneur is doing the same with education – spending £15 million (US$19 million) in the first year on setting up his own university, the Dyson Institute of Technology, which he insists is “not a business, not even philanthropic, but a really good idea as we need people who are educated”.