British inventor and industrial designer James Dyson, perhaps most famous for a vacuum cleaner, has launched a university to help bridge the UK’s engineering skills gap. Dyson said he’ll invest £15 million, or more than $12 million, over the next five years in the Dyson Institute of Technology to help his company and the UK meet growing demand for engineers.

James DysonJames DysonThe school’s bachelor of engineering degree program is being offered in conjunction with the University of Warwick and will be tuition-free to qualifying students. Moreover, students will get a salaried job at Dyson working with the company’s new product development team as they work towards their degree. The company employs approximately 3,000 engineers and scientists.

The new institute will be housed on the Dyson campus in Malmesbury, Wiltshire, and will enroll its first class of 25 students beginning in September. Most classes will be held at Dyson with teaching done by both University of Warwick professors and company engineers.

In an article in the online edition of The Guardian newsletter, Dyson lamented the engineering skills gap in the West and said the UK alone needs 10 times as many engineers as it did 10 years ago. “We are competing globally with Korea, Japan, Taiwan and Singapore,” said Dyson in the article. “It’s all the major technology nations and we have got to be better than them.”

The engineer shortage is a “problem in America and Europe and has started to become a problem in Japan,” he says. “It seems that the fast-growing economies or emerging nations really recognize the value of engineering, but when you reach security there is less interest in what makes you successful.”

Graduates of the new four-year degree program can expect to receive a technical graduate engineering role at Dyson, the institute says.

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