Tampere University of Technology (TUT) (Finnish: Tampereen teknillinen yliopisto (TTY)) is Finland's second largest university in engineering sciences. The university is located in Hervanta, a suburb of Tampere. The university's statutory duty is to pursue research and give highest education in its field. The research, conducted by some 1,800 staff and faculty members, mostly focuses on applied science and often has close ties to many different companies (like Nokia). Located next to the university campus is a Technology Centre Hermia, including a large Nokia research facility. The yearly budget of the university is some 120 million euros. Like all Finnish universities, TUT is state-funded. From the late 19th century, Tampere had been the most important industrial center in Finland. The Technical Institute of Tampere had provided engineers for its industries since 1911, but all higher technological education in Finland took place in Helsinki University of Technology. In 1950's, the city of Tampere started actively remedying the situation, first founding a municipal scientific library in 1955.