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Kerecis partners with National Hospital of Iceland to evaluate effectiveness of Kerecis products on COVID-19 patients

Kerecis partners with National Hospital of Iceland to evaluate effectiveness of Kerecis products on COVID-19 patients

Kerecis and the National Hospital of Iceland are conducting a randomized, controlled, double-blind clinical study to evaluate the effectiveness of the Kerecis Omega3 Viruxide system on COVID-19 patients. The trial follows successful off-label use on Italian patients with COVID-19 symptoms. Omega3 Viruxide is a virucidal and bactericidal system used in

Health food startup Good Good raises $3m in funding

Health food startup Good Good raises $3m in funding

The Icelandic health-food startup Good Good just announced having raised $3m (400m ISK) funding, with the assistance of Arcur Finance. The funding will be used to strengthen its marketing position in the US. “The funding will be used to support Good Good’s growth in the US. Many opportunities are

The bill on Kría, the Icelandic Venture Initiative, opened for feedback

The bill on Kría, the Icelandic Venture Initiative, opened for feedback

Note: Kiddi has been consulting with the ministry on this topic and others, related to innovation policy. This morning, the Ministry for Industries and Innovation, submitted the bill that will create Kría, to public consultation. The bill creates a new entity – Kría – which will invest in venture capital funds that

Mainframe Industries raise €7.6m from a16z, Riot Games and more

Mainframe Industries raise €7.6m from a16z, Riot Games and more

Mainframe Industries, a pan-Nordic MMO studio formed in April 2019 to develop cloud-native games, announced today a $8.2M (€7.6) Series A round led by Andreessen Horowitz (a16z) with additional investment from Riot Games. Existing investors Maki.vc, Play Ventures, Sisu Game Ventures, and Crowberry Capital all joined the

Sensivo offers free access to its clinical research data management platform to anyone working on Covid-19 related research

Sensivo offers free access to its clinical research data management platform to anyone working on Covid-19 related research

The Stockholm based Icelandic/Swedish startup Sensivo, will now offer free access to its clinical research data management platform to anyone working on Covid-19 related research. “In light of the ongoing global challenge posed by Covid-19, we wanted to contribute to the efforts by researchers worldwide tackling this issue, by

Introducing an action plan on public innovation

Introducing an action plan on public innovation

An action plan on public innovation was introduced last week. The plan is based on the innovation policy for Iceland as well as the government’s policy on increasing the use of innovative solutions in the public sector. “We create many opportunities by increasing the weight of innovation in the

Gísli Herjólfsson

Controlant raises $10m equivalent in convertible bonds

Controlant, which offers IT supply chain solutions and services, primarily for the pharmaceutical industry, just closed a private placement of convertible bonds, amounting to 1,250m ISK, equivalent to approximately $10m. Arion Bank Corporate Finance managed the placement. Current shareholders subscribed for approximately 40% of the offering. The bonds are