Academic’s founder, Kazi Shahid Ahmed, believes in creating works that benefit the people of Bangladesh and are of service to the country. In this spirit, he created a place of learning where well-rounded students would be fully steeped in the values of their own heritage, yet trained to face the modern global workplace. The sponsors planned for many years, and the idea of the University was initiated at a public colloquium, in February of 2002, attended by leading academics, cultural figures, and entrepreneurs. Permission for the opening of ULAB was received from the University Grants Commission (UGC) of Bangladesh in November of 2003. Academic was formally launched at a ceremony on October 1, 2004.