Innovation, Startups and Venture Capital in Iceland

Icelandic Startups & Tech Roundup on May 31

Here are some of the things that have been happening in the Icelandic innovation ecosystem lately.

Nine teams participate in Startup SuperNova

Nine companies have been chosen to participate in the Startup SuperNova incubator, which is in collaboration between Icelandic Startups and Nova, a telecommunications company. The nine companies will all get a grant of 1m ISK (8.2k USD) and a place to work on their projects in Gróska, a business growth center in Vatnsmýri, Reykjavík. A total of 82 teams applied for the incubator.

Iceland Ocean Cluster celebrates 10 years

Ten years have passed since the Iceland Ocean Cluster (Íslenski sjávarklasinn) was founded. Since then more than 100 entrepreneurs have used their facilities in Grandi in Reykjavík to develop new ideas and products. The anniversary was celebrated with an anniversary issue, which accompanied Morgunblaðið newspaper last week.

An interview with Garðar Stefánsson

Garðar Stefánsson, the CEO of GOOD GOOD, spoke to Authority Magazine about entrepreneurship and his career in food innovation earlier in May. An interesting read.

Digital nomads in Iceland

The New York Times covered digital nomads last week, and spoke to an American that has decided to use the opportunity to work remotely from Iceland under the Remote Workers Visa the Icelandic government introduced last year.

“Mr. Ozar is not saving money, he said — the cost of living in Iceland is relatively high — and has to continue paying state, local and federal taxes in California. But would he do it again? “In a heartbeat,” he said.”

Mussila has reached their goals

Mussila, an innovative EdTech company from Iceland, has collected 676k EUR through the Funderbeam investment platform, reaching it’s goal of securing 600k in the financing round, which was led by Iceland Venture Studios (IVS).

SEIFER wins the annual innovation program at RU

SEIFER, a team of students at Reykjavík University (RU), was awarded 500k ISK (4,1k USD) in RU’s annual innovation program, where students spend three weeks building business plans for possible new ventures. SEIFER’s innovative idea was chosen as the best one this year, but the team is going to develop equipment to analyze head trauma of athletes. The SEIFER team consists of Bjarki Fann­ar Snorra­son, Bríet Eva Gísla­dótt­ir, Davíð And­ers­son and Guðrún Inga Marinós­dótt­ir.

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