The Royal Swedish Academy of Engineering Sciences (Swedish: Kungliga Ingenjörsvetenskapsakademien, IVA), founded on 24 October 1919 by King Gustaf V, is one of the royal academies in Sweden. The academy is an independent organisation, which promotes contact and exchange between business, research, and government, in Sweden and internationally. It is the world's oldest academy of engineering sciences.(OECD Reviews of Innovation Policy: Sweden 2012). Source: Wikipedia (en)