IE Business School and Brown University have announced the formalization of relationship for a comprehensive. Both Brown and IE share the similarity of achieving an academic excellence and innovative methods of teaching. They are continuing to instill and emphasize the importance of achieving entrepreneurial spirit in the academic world. The press release says that they are anticipating the development of a wide range of research and teaching opportunities in the forthcoming years as they are looking forward to explore the synergy effect. The initiative has also come at the apt time as the global meltdown is calling for an innovative approach and systematic rethinking of the financial systems and management paradigms. This is the team when the managers need to be exposed to a much broader perspective than before. Thus, both the institutions aim to utilize the mutual strengths of each other. This is supported through the exchange of faculty and students through the exchange of faculty and students from various programs as well as different levels.