The Universitat de Barcelona was founded in 1450. It is structured in 5 campuses with 20 faculties and university schools, and has 106 departments teaching a complete range of courses including 69 undergraduate degrees, 67 PhD programs and 130 Bologna masters, as well as its own specially tailored postgraduate courses. UB is the only Spanish University to appear on the list of the world's 200 best universities. The UB participates in an average of 150 European projects per year, for an amount of about 20 million euro a year. The UB also is the leading centre for university research in Spain (with more than 5,000 full-time researchers, technicians and research assistants) and one of the most active in Europe, both in terms of the number of research programs that it runs and the excellence of its results.