The University of Alcalá (Spanish: Universidad de Alcalá) is a public university located in Alcalá de Henares, a city 35 km northeast of Madrid in Spain. Founded in 1499, it was moved in 1836 to Madrid. In 1977, the University was reopened in its same historical buildings. The University of Alcalá is especially renowned in the Spanish-speaking world for its annual presentation of the highly prestigious Cervantes Prize. Although by 1293 King Sancho IV of Castile had already given his approval to the establishment of a "Studium Generale", the University of Alcalá was founded by the Regent of Spain, Cardinal Cisneros, in 1499 as a completely new educational project which fused the best of the traditional Paris and Salamanca models with more innovative models, such as those of Bologna and Louvain. Cardinal Cisneros's ambition was to create a university for the modern age and to place Spain at the peak of the European Renaissance movement. Renaissance humanism was to be the crucible in which the ordained and lay clergy could be educated to facilitate ecclesiastical regeneration.