The University of St. Gallen was founded as a "business academy" in 1898 and offered its first lectures in 1899, making it one of the oldest universities of its kind in the world.
The University of St. Gallen was founded as a "business academy" in 1898--in the heyday of the St. Gallen embroidery industry--and offered its first lectures in 1899. It is therefore one of the oldest universities of its kind in the world.