Reitir Real Estate Company and Reykjavik University have signed a framework agreement for a three-year collaboration. The partnership includes an annual idea competition for RU students, giving them the opportunity to tackle real-life projects from Reitir's operations. This collaboration is an important step in strengthening the connection between academia and industry, with a focus on innovation, creativity, and practical experience for students.

As part of the collaboration, RU and Reitir will host an idea competition where students from across departments will have the opportunity to participate in developing solutions to real challenges that Reitir is currently working on or plans to address in the future. The projects reflect the challenges and opportunities the company is facing.

Such idea competitions are modeled on similar initiatives at some of the world’s top universities and are generally great opportunities for students.

A Unique Opportunity for Development and Innovation

The collaboration is based on shared goals aimed at promoting innovation, strengthening the connection between academia and industry, and creating development opportunities for both RU and Reitir.

The competition offers valuable opportunities for participating students to build connections with industry, apply their academic knowledge in a practical context, develop skills in teamwork, project management, and presentation, receive professional feedback from experts, and gain insight into the operations of companies in the real estate sector.

RU is at the forefront when it comes to strong ties with industry, and this partnership serves as an important bridge linking education and innovation. It fosters entrepreneurial thinking and enhances the practical value of university studies.

The collaboration also serves as a channel for new approaches, fresh ideas, and innovation within Reitir’s operations. The company is a leader in Iceland in the development, leasing, and transformation of real estate and urban areas.