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Algalif

Algalif to invest 30m$ in expanding its production facilities

Algalif, a leader in the production of natural astaxanthin from microalgae, has started expanding its production facilities in Reykjanesbær, Iceland. According to a press release, the company will invest 30m$ in the expansion. When the expansion of the facilities will be completed in 2023, Algalif’s 12.500 m² facilities

29 innovation projects outside the capital area receive grants from the Lóa fund

29 innovation projects outside the capital area receive grants from the Lóa fund

A total of 29 projects have received grants from Lóa – a special grant program for innovation projects located outside the capital area. The total amount of grants awarded was 147 million kr. ($1.2 million). Two projects received 10 million kr. ($83 thousand), the largest amount granted to a single

old map of iceland on wall

Fifty-nine people have already moved to Iceland on Remote Worker Visas

The Icelandic Directorate of Immigration has received a total of 111 applications for residence permits on the basis of rule changes, which were made last autumn to make it easier for foreigners from outside the European Economic Area (EEA) to come to Iceland and work remotely. According to answers from

Icelandic Startups & Tech Roundup on May 31

Icelandic Startups & Tech Roundup on May 31

Here are some of the things that have been happening in the Icelandic innovation ecosystem lately. Nine teams participate in Startup SuperNova Nine companies have been chosen to participate in the Startup SuperNova incubator, which is in collaboration between Icelandic Startups and Nova, a telecommunications company. The nine companies will

Iceland Innovation Week has started

Iceland Innovation Week has started

Guðni Th. Jóhannesson, the president of Iceland, kicked off the Iceland Innovation Week earlier today. This is the first festival held in Iceland after the last covid restrictions were relaxed and contains over 70 events taking place both in person and online. Live-streamed events can be accessed here and are

Eyrir Vöxtur to collaborate with MIT

Eyrir Vöxtur to collaborate with MIT

Eyrir Vöxtur has signed a contract with MIT DesignX, a sought-after venture accelerator at MIT University. Following the contract, companies in which Eyrir Vöxtur, Eyrir Venture Management’s growth fund, invests will have the opportunity to be a part of the accelerator. MIT DesignX has assisted a number of companies

Unity Co-Founder will start a new investment fund and move to Iceland

Unity Co-Founder will start a new investment fund and move to Iceland

Davíð Helgason, Co-Founder and former CEO of the software company Unity Technologies, will move to Iceland this summer and start an investment fund along with his brother, Ari Helgason. The new fund will focus on investing in green technology, but Davíð claims that Iceland can be a “laboratory for the