The Adolfo Ibáñez University (Spanish: Universidad Adolfo Ibáñez) (UAI) is a private research university in Santiago, Chile associated with the Adolfo Ibáñez Foundation. In 1988, in accordance with new educational legislation, a university was founded based on the Valparaiso Business School (Escuela de Negocios de Valparaiso), an older institution for the professional teaching in business administration founded in 1953 by Adolfo Ibáñez Boggiano. The newer university would take its name some decades later. In the Chilean higher educational scheme, UAI is a private university accredited in the country by the Comisión Nacional de Acreditación (CNA) and internationally by AACSB and AMBA. The Adolfo Ibañez University is ranked 1° Private University in Chile according to América Economía, and the CSIC (Spanish institution for University research) Source: Wikipedia (en)