International Business University was founded with the goal of creating a Canadian independent university that is student-centered and teaching-oriented. Because we are a university of "next generation", our curriculum is geared towards the future and academic excellence makes us a "next-generation" university. This vision was realized by a group of businesspeople and academics who came together in 2015. From the beginning, it was the intention to create a university that specializes in business education and has a global outlook. This includes businesses from Canada as well as around the globe. The group consulted extensively with business professionals and educational experts to develop innovative ideas for establishing the university. It will award its inaugural degree in 2019. The Ontario Postsecondary Education Quality Assessment Board, PEQAB (or Postsecondary Education Quality Assessment Board) reviewed the proposals and approved the application to be a university title. On December 4, 2020, the Minister of Colleges and Universities in Ontario gave final consent. IBU became the first independent homegrown university to ever be founded in Ontario. The founding group has since shifted its focus to the launch of the university, just in time for September 2021. IBU officials are busy with planning for additional undergraduate and graduate programs in order to secure the university's position as a world center of excellence business education.