Moscow Institute of Physics and Technology (know informally as MIPT or Phystech) is one of the world’s most prestigious educational and research institutions. It trains highly-qualified specialists in theoretical and applied physics, applied mathematics, informatics, biotechnology and related disciplines. Phystech was founded in 1951 by Nobel Prize laureates Pyotr Kapitsa, Nikolay Semyonov, Lev Landau and Sergey Khristianovich. From the beginning, MIPT has used a unique education system, known commonly as the "Phystech System." The general principles of the Phystech System are rigorous selection of gifted and creative young individuals, extensive education in fundamentals, involvement of leading scientists in students' education, and use of the best research laboratories in the country to conduct education in an atmosphere of research and creative engineering. Among the MIPT alumni are Nobel Prize winners, founders of world-famous companies, well-known cosmonauts, inventors, engineers. All Phystech students and alumni proudly call themselves "phystechs," using the same word with a low-case letter 'p'.