Application deadline is June 13 (2025) at 15:00 GMT.

Rannís, the Technology Development Fund, and Enterprise Europe Network are participating in Iceland Innovation Week and invite you to a lunchtime event titled Innovate and Elevate! – Funding, Founders and Fun.

Research and development (R&D) expenditures continued to grow significantly in 2023, reaching over 114 billion ISK. Since 2018, expenditures have doubled, primarily driven by increased corporate investments in R&D, which have more than doubled over five years. Public support appears to have had a stimulating effect, as grants for innovation companies tripled from 2018 to 2023.

Iceland: Growth and economic transformation, a recent article, published on The Business Report (TBR) website, explores Iceland's progress in innovation, among other topics, highlighting the key focus areas of Rannís in fostering innovation.