Technology Development Fund

Target group

Individuals, universities, business enterprises and public institutions


The role of the fund is to support research and development activities, which aim towards innovation in Icelandic industry. The Technology Development Fund is a competitive fund which issues its calls for proposals twice a year.


Application in Hagnýt rannsóknarverkefni - Once a year and expected to be in February 2025.

Application in Vöxtur/Sprettur, Sproti and Markaður - 15 September 2024 at 15:00.

Open for application in Fræ/Þróunarfræ all year round.

Open for application in Einkaleyfastyrkur all year round.


Technology Development Fund

  • Full information about the fund is only available in Icelandic (

How to apply

The application forms are not available in English. The application can be submitted in English (the project title and summary must be in Icelandic).

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