Located in the beautiful City of Melbourne on Florida's "Space Coast," Florida Institute of Technology (Florida Tech) is a national, coeducational, residential, private, doctoral-granting research university. The university is known for innovation, excellence, and the relentless pursuit of greatness in science, technology, engineering and mathematics (STEM), business, aeronautics, computing, psychology and the liberal arts. Florida Tech was founded in 1958, the same year as NASA, and it shares in many endeavors of the U.S. space program and commercial space enterprises through its academic programs and the work of the Aldrin Space Institute.