Founded with more than US $460 million from the F.W. Olin Foundation, the school, which will graduate its first class at the end of this month, was conceived as perhaps the most ambitious experiment in engineering education in the past several decades. Olin’s aim is to flip over the traditional “theory first, practice later” model and make students plunge into hands-on engineering projects starting on day one. Instead of theory-heavy lectures, segregated disciplines, and individual efforts, Olin champions design exercises, interdisciplinary studies, and teamwork.

And if the curriculum is innovative, the school itself is hardly a traditional place: it doesn’t have separate academic departments, professors don’t get tenured, and students don’t pay tuition – every one of them gets a $130 000 scholarship for the four years of study.

To a visitor, the school resembles any other small college. What’s different about it is its almost messianic mission: to change the way engineers are educated in the U.S. so that they can help the U.S. compete in a global economy with lots of smart, ambitious engineers in China, India and elsewhere. “If they become another good engineering school, they will have failed,” says Woodie Flowers, an MIT professor advising Olin. “The issue is to do it differently enough and to do it in way that will be exportable” to other colleges.