[3] Among their activities, the Society published a scientific periodical and carried out comprehensive work on the compilation of Faroese vocabulary.

The university began with one professor, Christian Matras, and a registrar, Maud Heinesen.

In its first years the school offered one-year courses in natural history and Faroese language for teachers.

The University arranged for a collection committee with the task of preserving all Faroese folk culture.

[4] Apart from the government, the university also receives funding for specific projects from the Danish Agency for Science, Technology and Innovation, as well as from the private sector.

[15][16] Research is focused on various fields including linguistics and literature of Faroese language, education, didactics, competitiveness, democracy, weather, tidal streams, waves and aquaculture.