The Simón Bolívar University (Universidad Simón Bolívar in Spanish) or USB, is a public institution located in Miranda State, Venezuela with scientific and technological orientation. The Simón Bolívar University is one of the most prestigious and important universities in the country. On May 1967 the government created a commission composed by Luis Manuel Peñalver, Luis Carbonell, Mercedes Fermín, Miguel Angel Pérez and Héctor Isava to study the possibility of creating a new university that would offer studies to directly promote the economic and social development of the country. On July 18, 1967 the President of Venezuela Raúl Leoni signed a decree which officially founded the University as an Instituto Experimental de Educación Superior focused mainly on scientific and technological research. The original name given to the university was Universidad de Caracas; however, the first name of the Central University of Venezuela was also "Universidad de Caracas" and it was still known by that name. Members of The National Academy of History, the Bolivarian Society of Venezuela and other important institutions expressed their wish to relate the name of El Libertador Simón Bolívar to the name of the recently created university, which resulted in the change to the name of Universidad Experimental Simón Bolívar in 1969. Ernesto Mayz Vallenilla was the rector when president Rafael Caldera inaugurated the University on January 19, 1970. From the confluence between the name "Universidad Simón Bolívar" and its slogan "The University of the Future", the Venezuelan designer, Gerd Leufert developed the design inspired by the photographic reproduction of an electrical circuit. The figure includes eight semicircular lines and a small rectangle in the center of them, forming a structure similar to a rounded pyramid, whose meaning is that of a gateway, which represents the unity of various knowledge and their projections into the future.