The University of Calgary is a comprehensive research and academic institution that was founded as a distinct university in 1966, after operating as a research branch of the University of Alberta since 1945. The main campus encompasses 494 acres in Northwest Calgary near the Bow River.
As of 2015, the University of Calgary has a total of 30,201 students, including 24,387 undergraduates and 5,804 graduate students. The university is composed of 14 distinct faculties and over 85 research institutes. These include the Cumming School of Medicine, the Schulich School of Engineering, the Werklund School of Education, the Haskayne School of Business and the Faculty of Environmental Design.
The University of Calgary has over 157,500 alumni from over 150 countries, including the Canadian astronaut Robert Thirsk and Canadian Prime Minister Stephen Harper. The university's research income is $325 million, giving it one of the highest university revenues in Canada. Furthermore, it has an economic impact of approximately $7.92 billion in Calgary.
In addition, the University is composed of 1,823 faculty members and 3,203 staff members. The neurochip, along with several other important inventions, was created at the University of Calgary, and it has been ranked as the top University in Canada under 50 years old.