Mr Patten said: 'We want to see more and more healthy competition among schools offering specialisations.
'Technology Colleges will be self-governing (grant-maintained) and voluntary aided secondary schools. They will provide a broadly based education in line with the National Curriculum but with a special emphasis on technology, science and mathematics.
They will:build on schools' existing strengths; commit themselves to measurably higher levels of achievement in technology, science and mathematics; equip our young people with the academic and vocational skills they will need into the next century; and strengthen the links that already exist between schools and businesses to the benefit of both.
'Britain needs more of its young people educated in the understanding of technology, science and mathematics. No other western country has given such prominence recently to technology in the curriculum for all children of compulsory school age.
'Technology Colleges will have strong links with business sponsors, who will share in the management of the school. Under the 1993 Education Act, Technology Colleges will include sponsor governors on their governing bodies.
'This new legislation applies only to self-governing and aided secondary schools. These schools have a crucial degree of independence from the local authority. In my view they are particularly well placed to benefit from the fresh outlook which a business or other outside sponsor can bring to the school. It is from this growing group of schools that our Technology Colleges will come.
' I am now seeking applications from schools, with the support of business sponsors, that wish to become Technology Colleges.'