(Follow the link below for a couple of interesting stories about fourth year design projects in mechanical and nanotechnology engineering.)

With a deadline approaching to commit to their fourth-year Capstone Design project, friends Phil Cooper and Michael Phillips were torn between two ideas: one of them relatively straightforward and the other extremely ambitious. They were still undecided when they went to listen to Chamath Palihapitiya, the celebrated Silicon Valley venture capitalist and Waterloo Engineering alumnus, as he urged students to set aside their fear of failure during an appearance on campus in September. That was it, the inspiration they needed to go for it instead of playing it safe.

Source: Engineering student design teams win $50,000 each to launch startups