Northstack Editorial

Northstack Editorial

“Innovation isn’t a luxury. It’s a necessity” – Minstry for Innovation unveils Innovation Policy

“Innovation isn’t a luxury. It’s a necessity” – Minstry for Innovation unveils Innovation Policy

Just now, with the words that “Innovation isn’t a luxury, it’s a necessity,” Þórdís Kolbrún Reykfjörð Gylfadóttir the minister for Innovation, unveiled the Innovation Policy for Iceland until 2030. This policy is the result of work by a bi-partisan group of politicians and stakeholders from the ecosystem, and

Mainframe Industries - founded by former CCP, NextGames and Remedy devs - raise €2m

Mainframe Industries - founded by former CCP, NextGames and Remedy devs - raise €2m

Mainframe Industries, a new, Reykjavik-based but pan-Nordic gaming company, has raised €2m (~$2.2m) in seed funding to build what they describe as “the first MMO specifically developed for cloud platforms.” “The creative and business opportunity that cloud gaming brings to social and immersive online games is unlike anything we’

Ripple acquires Algrim and opens office in Iceland

Ripple acquires Algrim and opens office in Iceland

Ripple, a global blockchain technology company that provides solutions to send money globally, just announced its acquisition of Icelandic company Algrím. The acquisition price remains undisclosed at the publishing of this story. “With built-in expertise in trading and exchanges, the addition of Algrim’s engineering talent to our team will

The Best Year Yet: Funding Report for 2018

The Best Year Yet: Funding Report for 2018

In this somewhat-late funding report, we look at VC and startup funding in 2018. Note: This report has been updated with correct data. We made an error in the original article. We nicknamed 2017 “the year of the seed round” due to a record number of investments, most of which

Private Equity fund SIA III acquires Men&Mice

Private Equity fund SIA III acquires Men&Mice

Icelandic software company Men&Mice has been acquired by private equity fund SÍA III, which is managed by Stefnir. The acquisition price remains undisclosed. New Business Venture Fund and other investors are the sellers. The company was founded in 1990 by Petur Petursson and Jon Georg Adalsteinsson. The New

Figuring out how to move to Iceland just became easier with the opening of Work in Iceland

Figuring out how to move to Iceland just became easier with the opening of Work in Iceland

Today, Þórdís Kolbrún Reykfjörð Gylfadóttir, the minister for tourism, industry, and innovation, formally opened Work in Iceland, a “one-stop shop to provide comprehensive information about the job market in Iceland, to help foreign experts move to Iceland for work.” Work in Iceland is a collaborative project between Promote Iceland, Federation

Interview with Pétur Ólafsson, founder of BuddyPhones and ONANOFF

Interview with Pétur Ólafsson, founder of BuddyPhones and ONANOFF

In today’s multi-media content driven world, kids of all ages are exposed to sound all the time, more often than not viewing or listening with headphones. This led to a considerable amount of kids developing hearing issues due to the high volume possible through the headphones This, in part,