The Cyprus University of Technology was founded by law on December 2003 and welcomed its first students on September 2007. The University aspires to develop itself into a modern, pioneering University able to offer education and high level research in leading branches of science and technology which have high impact on the economic, technical, and scientific sectors. With its orientation towards applied research, the University aspires to establish for itself a role in support of the state and society in their efforts to confront problems, which cover all areas of science and technology. The programmes of the CUT to a large extent complement scientific areas, which are not currently covered at Undergraduate and Postgraduate levels by the University of Cyprus or any other institution of higher education in the country. The Cyprus University of Technology is based at the city of Limassol, where all six faculties are located.