The Millennium University (TMU) was established in 2003 as a Private University under the Private University Act, 1992 with a view to expand the scope of higher education in Bangladesh. The University is sponsored by Khan Foundation, a non-political and non-profit philanthropic organization devoted to socio-economic development in the country. The Millennium University is accredited by the University Grants Commission (UGC) and approved by the Ministry of Education, Government of Bangladesh. The academic curricula of the University are approved by UGC.