Design/Build/Fly competition through the AIAA Foundation
To allow college students to put their skills to the test
"Student teams will design, fabricate, and demonstrate the flight capabilities of an unmanned, electric powered, radio controlled aircraft which can best meet the specified mission profile. The goal is a balanced design possessing good demonstrated flight handling qualities and practical and affordable manufacturing requirements while providing a high vehicle performance.
To encourage innovation and maintain a fresh design challenge for each new year's participants, the design requirements and performance objective will be updated for each new contest year. The changes will provide new design requirements and opportunities, while allowing for application of technology developed by the teams from prior years."
An example video from the Rensselaer Alumni Association: