The University of Adelaide, located in Adelaide, the capital of South Australia, is a world-class top comprehensive institution of higher learning. It is a member of the Australian Group of Eight, a member of the Commonwealth University Association and the 21st Century Academic Alliance, and one of the six sandstone universities. Founded in 1874, the school is the third university in Australian history and the oldest university in South Australia. It is also one of the representatives of the ancient and typical universities of the Commonwealth. As one of the top research-intensive universities in Australia, the University of Adelaide has world-class scientific research facilities and environment, as well as a comprehensive scientific research training system. It has a strong position in medicine, life sciences, law, education, engineering and many other fields. The school has harvested a number of world-renowned scientific research achievements and inventions, such as the world's first genetically controlled organism in the natural environment; a visual computer chip; a vehicle-mounted video phone; Australia's first astronaut. The Waite campus of the University of Adelaide has the largest agricultural facilities in the southern hemisphere, and it has also created one of the world's best wine cultivation and brewing majors. 70% of Australia's wine is produced in South Australia. The school's business school is accredited by AACSB, and its business disciplines such as accounting and finance are also ranked among the top 100 in the world.