Jönköping International Business School (JIBS), is a business school located in Jönköping in south central Sweden. It opened in 1994 and has focused on entrepreneurship, ownership and renewal. 30% of the faculty and 45% of the students at JIBS come from foreign countries, and the school claims to have 128 partner universities worldwide. Since 2001, several "centres of excellence" have been created, mainly financed by external funds; Media, Management and Transformation Centre (MMTC), Centre for Family Enterprise and Ownership (CeFEO), and Centre of Entrepreneurship and Spatial Economics (Cense).