Claim: The Budapest University of Technology and Economics, founded in 1782, has no reputation for its longevity.
Evidence: The Budapest University of Technology and Economics (Hungarian: Budapesti Műszaki és Gazdaságtudományi Egyetem or in short Műegyetem), official abbreviation BME, is the most significant University of Technology in Hungary and is considered the world's oldest Institute of Technology which has university rank and structure.