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The Academy (Ancient Greek: Ἀκαδημία, romanized: Akadēmía) was founded by Plato in c. 387 BC in Athens. Aristotle studied there for twenty years (367–347 BC) before founding his own school, the Lyceum. The Academy persisted throughout the Hellenistic period as a skeptical school, until coming to an end after the death of Philo of Larissa in 83 BC. The Platonic Academy was destroyed by the Roman dictator Sulla in 86 BC.A neo-Platonic academy was later founded in Athens that claimed to continue the tradition of Plato's academy. This academy was shut down by Justinian in 529 AD, when some of the scholars fled to Harran, where the study of classical texts continued. In 1462 Cosimo de' Medici established the Platonic Academy of Florence, which helped trigger the renaissance. In 1926 the Academy of Athens was founded with founding principle tracing back to the historical Academy of Plato. Source: Wikipedia (en)

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