INCAE was founded in 1964 with the support of the business association and many major Central American countries. The school is a private, non-profit cross-border higher education institution, which is committed to the education and research in economic and financial studies, and cultivating Latin America's future business executives. Currently, the school has three main areas of development, postgraduate courses related to development of Latin America, specialized management training programs and seminars, and research projects on regional competitions. INCAE believes in integration of theory and practice, and incorporates case studies of Latin American corporations in their teaching material. INCAE has acquired accreditation from multiple world-renowned business school accrediting agencies including AACSB (Association to Advance Collegiate Schools of Business), NASPAA (National Association of Schools of Public Affairs and Administration), BALAS (Business Administration and Latin American Studies), as well as CLADEA (the Latin American Business School Council).