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The Faculty of Medicine successfully collaborates with numerous companies and institutions in Iceland as well as abroad and has strong ties to the industry. 

The University of Iceland operates in an international environment and the Faculty of Medicine collaborates with numerous research institutions and universities on research, student exchange, staff exchange and more. All students of the Faculty are given the chance to take part of their studies at an university abroad and many foreign students study at the Faculty each year. The Faculty of Medicine emphasises international collaboration in all its work and constantly works on increasing and reinforcing collaborative efforts.

The International Office manages the formal communications of the University of Iceland with educational institutions abroad and services students, teachers, and the faculties of the university regarding international collaborations.

The University of Iceland collaborates with hundreds of universities abroad on student exchange, research, staff exchange and more.

Partner universities are in the Nordic and Baltic countries through Nordplus, in Europe through Erasmus, Isep and Maui net to the US, Crepuq net to Canada, Aen net to Australia. Moreover, various bilateral agreements with other universities exist all around the globe.

Students and teachers can apply for grants through Nordplus. Students, teachers, and other staff members can apply for grants through Erasmus.

Other collaboration networks (outside Europe) are mostly involved in student exchange. Tuition fees at the host university are generally waived. Bilateral agreements can vary but most of them entail a collaboration regarding student or staff exchange as well as various general collaborations (e.g. research collaboration, access to data, and so on.)