The University of Manchester was formed in 2004 by combining the Victoria University of Manchester and the University of Manchester Institute of Science and Technology (UMIST). It is the largest non-federal university in the UK, with annual income of over £800 million and employing over 11,000 staff and 40,000 students. It and its predecessor institutions have a distinguished history of research and teaching, tracing back to 1824 and having produced 25 Nobel laureates. Research highlights include Rutherford’s work on splitting the atom (leading to the 1908 Nobel prize for physics), the world’s first stored program computer (the Manchester University Mark I), the world’s first steerable radio telescope (at Jodrell Bank), the birth of chemical engineering, and most recently the discovery of graphene (leading to the 2010 Nobel prize for physics). The Shanghai Jiao Tong Academic Ranking of World Universities currently rates Manchester as the 35th best university in the world and 7th best in Europe.