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Launching Norðurskautið Research & Reports

Today we’re launching a new section, Norðurskautið Research & Reports. The purpose of this new section is to collect in one place all the research and reports that we work on here at Norðurskautið, such as our quarterly funding reports. To start off this new section we’re announcing

"Innovation bill" passed in parliament

Yesterday, June 2nd 2016, Alþingi (the Icelandic Parliament) passed a bill dubbed the Innovation bill. The bill, which we’ve previously covered, introduces various reforms to the tax code to lessen the tax burden on startups and their employees. The highlights of the bill (as it was introduced) are the

“This is the year of hackathons in Europe”

Last Sunday a Ultrahack 2016 kick-off meeting was held here in Reykjavík – the first of many events where this year’s Ultrahack will be presented to local startup ecosystems across Europe. We took the chance and met with Mikko Järvilehto, Co-founder and CEO of Ultrahack, to discuss what Ultrahack is

Here are the ten teams participating in Startup Reykjavik 2016

Salóme Guðmundsdóttir from Icelandic Startups and Einar Gunnar Guðmundsson from Arion Bank just announced which ten companies will take part in the 2016 batch of Startup Reykjavik. The announcement was made from the main stage at Startup Iceland. The following ten companies are participating this summer: * Platome – Develops stem cell

Startup Iceland Live Tweet

Below we bring you a curated feed of Startup Iceland live-tweets. Brought to you with help from Tagplay.co https://api.tagplay.co/1.10.2/tagplay-widget.min.js//

Highlights from NSA Ventures' Annual Meeting

Today was the annual meeting of NSA Ventures, Iceland’s biggest (and oldest) venture fund. NSA Ventures is an evergreen fund, established by the government with a 3bn ISK initial endowment. The fund is not governmentally operated, but its board is nominated by the Minister for Industry and Innovation. In

Industrial equipment maker DTE raises $1.1 from Brunnur

Industrial process and quality control equipment maker Dynamic Technology Equipment has raised ~$1.1 million (135m ISK) from venture capital fund Brunnur. This is announced on the website of Einar Gunnar Guðmundsson, who is Chairman of the Board at SER Holding, the Startup Energy Reykjavik investment company. The company develops