I recently found out about a small engineering program in Minnesota has set out to do just this. It's called Iron Range Engineering. The students in this program develop essential skills in a self-driven manner while working on real-world projects.
Here's a video of a talk by the founder, Ron Ulseth, describing the aims of this program when it started just a little over a year ago:
I'm hoping to visit this unique program sometime next year, and see for myself how it works.
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