The IT University is an independent educational and research institution, dedicated to the digital world. From games and communication to business and software development. The university has a strong research environment including a comprehensive PhD programme and offers a variety of research based study programmes, part time and also single subject studies within the field of IT. It was founded in 1999 as IT-Højskolen, but changed its name to the IT University in 2003. The Vice Chancellor of the IT University is Mads Tofte1. The chair of the Board of the IT University is Mogens Munk Rasmussen. The IT University is creating more IT graduates, than any other university in Denmark. Mission:- The mission of the IT University of Copenhagen is to deliver internationally leading teaching and research which enable Denmark to become exceptionally good at creating value with IT. Teaching and research in information technology include all academic activities which involve computers.(Decided by the Board of the IT University on Dec. 2, 2005.) Vision:- The IT University of Copenhagen is an outstanding example of how a small university by being innovative and globally interactive can achieve a ranking among the best in the world, both in terms of academic standards and in terms of creation of value. Value Statement:- The IT University has 3 core values that serve as a guideline for the daily work at the university: * Direction-finding * Forthcoming * Accountable