The Icelandic business accelerator programme Startup Supernova officially ended today, with an investor pitch from the ten participating startups at the Gróska business growth centre in Reykjavík today.  Among the startups that introduced their ideas was the digital payment card platform FOMO and the property valuation website and mortgage calculator Procura. vVenue, which specialises in… Read More 10 Icelandic startups pitched their products at Startup Supernova investor day

Carbfix and ON have received a 3.9m€ grant from the European Union’s Innovation Fund. This is one of the highest grants that a climate related initiative in Iceland has received and the first grant a project in Iceland receives from the Innovation Fund. The grant will be used to finance the so called Silfurberg-project at the… Read More Carbfix and ON receive a 3.9m€ grant from the EU Innovation Fund

The Icelandic video game developer 1939 Games received 250 million kr. ($2 million) in revenue last year from their main product, the PC game KARDS. Moreover, the company managed to deliver a net profit from its operations last year, which was the first year in which it generated any revenue. Ívar Kristjánsson, the company’s CEO,… Read More 1939 Games delivers net profit in first active year

Ásthildur Otharsdóttir has been named chairman of the board of Kaptio. She replaces Eggert Claessen who has been chairman of the board since 2016. This was announced in a press release from Kaptio earlier today. The board will include the company’s founders, Arnar Laufdal Ólafsson and Ragnar Fjölnisson. Other members of the board are Örn… Read More Ásthildur Otharsdóttir named chairman of the board of Kaptio

Mussila has made a deal with the Swedish EdTech platform Skolon. Skolon is one of the fastest growing EdTech companies in Sweden with a platform available to over 450 thousand users in both Sweden and Norway. Mussila will be available on the platform this autumn, according to a statement from Mussila. This deal will make… Read More Mussila signs a partnership deal with Swedish EdTech company Skolon

The total value of exported patents in Iceland in 2020 was 50,9 billion kr. ($410 million) in 2020, which is 46% more than it was in 2019, according to Statistics Iceland. Patent exports have grown considerably in value over the years, with an average annual growth rate of 29% since 2016. Due to the collapse… Read More Patent exports grew by almost half last year

Yesterday marked the start of trading in Solid Clouds shares on the Nasdaq First North Growth Market. Solid Clouds is the first game developing company to be listed in Iceland. The listing follows a four times oversubscribed share offering that took place at the end of June. A total of 58 million new shares were… Read More Trading starts in Solid Clouds shares on the Nasdaq First North Growth Market

The Icelandic carbon capture initiative Carbfix has signed a Memorandum of Understanding with a Norwegian firm working in the same industry, Aker Carbon Capture, on close collaboration in carbon capture and storage solutions. Valborg Lundegaard, CEO of Aker Carbon Capture, says in a recent press release that the collaboration will make it possible to offer… Read More Carbfix teams up with Aker Carbon Capture

More effective support for business R&D would unlock private investment and improve the ability of smaller firms to innovate, according to a new Economic Survey for Iceland made by OECD. It is stated in the survey that Iceland is an innovative country, but nonetheless it has untapped innovation potential. Improving R&D support for businesses is… Read More Innovation in Iceland could be strengthened with improved R&D support for smaller firms

Iceland’s public energy provider, Landsvirkjun, has signed a new two-year electricity contract to support the continued growth of atNorth data centres. AtNorth, which is owned by the Scandinavian IT company Advania, runs one of the largest data centres in Europe on the Reykjanes peninsula. According to a joint press release by Landsvirkjun and atNorth, the… Read More atNorth data centre signs new electricity contract to meet increasing blockchain demand