The idea of founding a university in the city of Concepcion came in late 1989. In those days, a group of professionals composed Bafalluy Ernesto Silva, Joaquin Lavin, Cristián Larroulet, Carlos Alberto Delano, Carlos Eugenio Lavín, Federico Valdes and Hernan Buchi , figures extensive experience in the public and private sectors, they decided to undertake the adventure of forming a premier academic institution.
"1990 : The UDD opens its doors with 100 students enrolled in Business Administration in Concepción. One of the founders, Ernesto Silva Bafalluy rector is appointed by the Board of the UDD.
1991: Three new races join the university offer: architecture, law and journalism.1993: the first UDD campus opens in a building on the street Ainavillo in Concepción .1995: Graduation of the 1st Generation of Commercial Engineering , Faculty of Economics and Business."