It's the first hint of what Ahmadinejad will do after he steps down on August 4, when president-elect Hasan Rouhani is to be sworn in.
The conservative tasnimnews.Com says Ahmadinejad received authorisation from the country's Supreme Cultural Revolution Council to set up his university. The report was posted on the website today.
It said the "Iranians University" will focus on information technology, nanotechnology, aerospace and nuclear science.
Ahmadinejad has fallen out with his one-time conservative allies and has been sidelined since Rouhani's June 14 election. But he still enjoys a significant political base, with loyalists especially concentrated in the poorer parts of the country.