The Moto Engineering Foundation (MEF) has started the MotoStudent competition in Spain aimed at university students, where their goal is to design and build motorcycles leading to a competition against students from Spanish and other European universities and eventually worldwide. The students will use their engineering skills to build motorcycles under the real restrictions of time and budget, just like they will in the business world after graduation. The competition is similar to the Formula SAE competition here in the U.S.
This sort of competition brings the engineering theory into contact with hard parts and quickly shows the students that knowing and doing are often worlds apart. It looks like it is just getting started so if you are in one of the European countries and would like to get involved, check it out.
Thanks for the tip, Hugo!