The School was founded in 1988 as a bridge institution between universities, research centers and the business world.[1] MIB began its history as an initiative between major companies and the academic world in 1988.Over time, the school has become much more globalized, with a focus on English-language programs and an emphasis on the international business landscape.The school currently has partnerships with organizations such as the University of Trieste, the Generali Group, Allianz, KPMG, and Illy.[4] MIB Trieste is located at the Ferdinandeo palace, built in 1858 in honor of Emperor Ferdinand I of Austria.