The Venice Biennale has for over a century been one of the most prestigious cultural institutions in the world. Ever since its foundation in 1895, it has been in the avant-garde, promoting new artistic trends and organising international events in contemporary arts. It is world-beating for the International Film Festival, for the International Art Exhibition and for the International Architecture Exhibition, and continues the great tradition of the Festival of Contemporary Music, the Theatre Festival, now flanked by the Festival of Contemporary Dance.