<span id="docs-internal-guid-91110eb2-b984-1eb4-e878-222ca03f82c4"><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;"><span style="background-color: transparent; font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline;">The </span>[http://www.um.edu.uy/ <span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline;">University of Montevideo</span><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline;">(</span>]<span style="background-color: transparent; font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline;">UM) </span>started off in 1986 as the Institute of Business Studies of Montevideo (IEEM). Some months later the IEEM started a postgraduate in business law. From there the IEEM continued incorporating new courses mixing law and business, such as seminar in management, business administration, master's degree in business law and much more.</span></span>
[[File:Logo-um.png|thumb|center|400x150px|Logo-um.png]]
<span id="docs-internal-guid-91110eb2-b984-1eb4-e878-222ca03f82c4"><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">It wasn't until April 29 of 1997 that the IEEM was approved to function as a university and from there it's known as the </span><span style="font-size: 14.6667px; font-family: Arial; font-style: italic; vertical-align: baseline; white-space: pre-wrap;">Universidad de Montevideo</span><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">. To be legally approved as a national university it was demanded the existence of three areas of knowledge, these were:</span></span>
<span style="background-color: transparent; font-family: Arial; font-style: italic; white-space: pre-wrap; font-size: smaller;">Z-room at the main building</span>
<div>[[File:Z room ing.jpg|border|left|650x300px|Z room ing.jpg]]<br/></div><div>
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<br/><br/><br/><br/><br/><br/><br/><span style="font-size:smaller;"><span id="docs-internal-guid-471b904d-233a-c264-f912-32070a6ccb99"><span style="font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Josefina Maisonnave- Initium Director</span></span></span>
</div><div><span style="color: rgb(102, 102, 102); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">In some faculties there are research offices that offer students internships by helping professors in their investigations. Let’s take for example the </span>[https://www.linkedin.com/company/15086209?trk=prof-0-ovw-curr_pos CINOI]<span style="color: rgb(102, 102, 102); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;">(Center of Innovation in Industrial Organization). It’s main objective is to form a stronger bond between the university and the business world, and it’s vision is to be a pioneer Center of Innovation and Applied Research in Industrial Organization in Latin America.</span></div>
== Regional and Local Economic Development ==