Iceland Technology Development Fund

AI Verified

Location

Iceland


Investor type

Venture Capital


Current investment status

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Website

https://en.rannis.is/funding/research/technology-development-fund


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Company address

Reykjavík, Iceland


Founding year

2003


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Criteria Requirements Match
Regions Middle East, North America, Northeastern Asia, Northern Europe
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Company description

The Icelandic Centre for Research (RANNIS) serves as Iceland's premier funding institution for advancing research, innovation, education, and cultural initiatives. Working in close collaboration with the Icelandic Science and Technology Policy Council, RANNIS provides essential professional support for developing and implementing national science and technology strategies. The organization plays a crucial role in Iceland's knowledge economy by distributing competitive grants through various national funds, ensuring resources are allocated to promising projects that align with the country's development priorities.

As the gateway to international research collaboration, RANNIS coordinates Iceland's participation in numerous cross-border research programs and networks. The organization facilitates connections between Icelandic researchers and their global counterparts, creating valuable opportunities for knowledge exchange and collaborative innovation. RANNIS has established a strong track record of supporting breakthrough research across multiple disciplines, from renewable energy and marine biology to digital technologies and creative industries, reflecting Iceland's unique environmental conditions and cultural heritage.

Beyond its funding activities, RANNIS maintains comprehensive monitoring systems to track national R&D investments, research outputs, and innovation performance indicators. This analytical work provides crucial data for policymakers and helps identify emerging trends and opportunities in the research landscape. RANNIS actively promotes public engagement with science through outreach programs, educational initiatives, and communication campaigns designed to increase awareness and appreciation of research and innovation among Icelandic citizens.

As Iceland's designated representative for major European Union programs, RANNIS administers several significant EU initiatives within the country. The organization serves as the National Agency for Horizon Europe (formerly Horizon 2020), the EU's flagship research and innovation framework, as well as managing the Erasmus+ education program and Creative Europe cultural funding. Through these responsibilities, RANNIS ensures Icelandic researchers, students, educators, and cultural practitioners can access substantial European funding opportunities and participate in continent-wide collaborative networks, strengthening Iceland's position in the European research and innovation ecosystem.

Highlights

Administers competitive funds for research and innovation
Coordinates Iceland's participation in EU programmes

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Frequently asked questions

Where is Iceland Technology Development Fund located?

Iceland Technology Development Fund maintains its global headquarters in Iceland, serving as the strategic center for its operations. The company's primary corporate offices are located at Reykjavík, Iceland.

What investment stages Iceland Technology Development Fund focuses on?

Iceland Technology Development Fund focuses its investment activities on companies operating in the following stages: Pre-Seed, Seed, Series B, Series A. Iceland Technology Development Fund provides strategic capital and expertise to support promising businesses at these critical phases of development.

Where does Iceland Technology Development Fund invest?

Iceland Technology Development Fund maintains a strategic global investment presence, actively seeking opportunities across the following key regions: Middle East, North America, Northeastern Asia, Northern Europe.

When was Iceland Technology Development Fund founded?

Iceland Technology Development Fund was established in 2003, marking the beginning of its journey as an investment firm.

What kind of investment firm is Iceland Technology Development Fund?

Iceland Technology Development Fund is the following type of investment firm: Venture Capital. The organization provides capital and strategic support to entrepreneurs and growing companies.