INSEAD was founded in 1957 by venture capitalist and Harvard professor Georges Doriot, along with Claude Janssen and Olivier Giscard d'Estaing. Original seed money was provided by The Paris Chamber of Commerce.[4] The school was originally based in the Château de Fontainebleau, before moving to its current Europe campus in 1967.[5] The name INSEAD was originally an acronym for the French "Institut Européen d'Administration des Affaires" or European Institute of Business Administration.