The Lappeenranta University of Technology (LUT) has been ranked the 31st top young university in the Times Higher Education 100 Under 50 Rankings. The list includes the top 100 universities that are under 50 years old. This places LUT as the best young university in Finland as well as in the Nordic countries.
LUT was also awarded silver for its research co-operation with industry. This is evaluated using the Industry Income indicator, which measures how desirable of a partner a university is to organisations. LUT is among the top 20 percent universities in the world when it comes to co-operation with industry.
The Under 50 Rankings is a list of rising stars. Its aim is to put a spotlight on research universities of the future. These are universities that do not yet have the centuries of history that more established institutions do nor the recognition this affords.
"In recent years, LUT has made quantum leaps in its development, and our university's new strategy for tackling global challenges will take us even further. This kind of unique success story has given LUT agility in the way it operates, focusing on core areas of expertise and getting students and staff to commit to set goals and working together," says Tuomo Rönkkö, Chairman of the Board at LUT.
The Under 50 Rankings is led by Swiss École Polytechnique Fédérale de Lausanne, Pohang University of Science and Technology in Republic of Korea, and Korea Advanced Institute of Science and Technology (KAIST) also from Republic of Korea. Among Finnish universities, the University of Eastern Finland is ranked 55th and Tampere University of Technology 90th.
"The fact that LUT has achieved so much at such a young age means that we can reach even greater heights. We are determined to continue our ambitious efforts: research of the highest scientific quality and social impact," states President Anneli Pauli.
Times Higher Education (THE) is one of the most highly esteemed university ranking organisations in the world. Data is collected by Thomson Reuters. The main categories for measuring performance are research, teaching, international outlook and funding. Rankings are made based on 13 performance indicators. Last autumn, THE listed LUT among the top 300 universities in the world (THE World University Rankings 2014?2015). There were only two other Finnish universities in this group: the University of Helsinki and Aalto University. The same data is used in the ranking of Under 50 universities.