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1939 Games delivers net profit in first active year

1939 Games delivers net profit in first active year

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.

Ásthildur Otharsdóttir named chairman of the board of Kaptio

Ásthildur Otharsdóttir named chairman of the board of Kaptio

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

Mussila signs a partnership deal with Swedish EdTech company Skolon

Mussila signs a partnership deal with Swedish EdTech company Skolon

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

Patent exports grew by almost half last year

Patent exports grew by almost half last year

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%

Trading starts in Solid Clouds shares on the Nasdaq First North Growth Market

Trading starts in Solid Clouds shares on the Nasdaq First North Growth Market

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

Carbfix teams up with Aker Carbon Capture

Carbfix teams up with Aker Carbon Capture

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

Innovation in Iceland could be strengthened with improved R&D support for smaller firms

Innovation in Iceland could be strengthened with improved R&D support for smaller firms

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