Hefring Marine has been awarded the Icelandic Innovation Award 2025 for the development and commercialization of its intelligent marine assistance system, IMAS®, which uses artificial intelligence and real-time data to improve safety, fuel efficiency, and vessel operations.

The Arctic Research and Studies programme 2023-2026 awards preparatory grants to encourage cooperation between Iceland and Norway in the field of Arctic Science. Deadline for proposals is 15. December 2025, at 15:00 UTC.

COST creates scientific networks and enables scientists to collaborate in a wide spectrum of activities in research and technology.

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.

The Board of The Icelandic Research Fund has completed the allocation of grants for new research projects for 2025. A total of 381 valid applications were received by the Research Fund, 64 of which were funded, or almost 17%.