Startup Reykjavik

Startup Reykjavik operates as a premier summer accelerator program in Iceland's capital, providing an immersive 10-week experience designed to propel early-stage ventures toward success. Established through a strategic partnership between Arion Bank and Icelandic Startups in April 2012, the program combines financial backing with comprehensive support systems. Selected participants receive $23,500 in seed funding, creating a solid foundation for their entrepreneurial journey while benefiting from Iceland's innovative business ecosystem.

The accelerator's mentorship-driven approach stands as its cornerstone, connecting founders with seasoned industry experts who provide guidance on critical business challenges. This knowledge transfer proves invaluable as startups navigate product development, market fit, and scaling strategies. Beyond mentorship, participants gain access to dedicated workspace in Reykjavik, fostering collaboration and community among cohort members while providing a professional environment for meetings with potential clients, partners, and investors.

As a distinguished member of the Global Accelerator Network (GAN), Startup Reykjavik offers participants access to an international entrepreneurial community spanning six continents. This affiliation provides startups with over $100,000 worth of perks, including discounted services from leading technology providers, cloud infrastructure credits, marketing tools, and legal resources. The GAN connection also facilitates valuable networking opportunities with investors and entrepreneurs worldwide, significantly expanding the global reach of Iceland-based ventures.

Since its inception, Startup Reykjavik has established itself as a catalyst for Nordic innovation, helping transform promising concepts into viable businesses. The program typically focuses on technology-oriented startups with scalable business models, though it remains open to disruptive ideas across various sectors. Alumni companies have gone on to secure follow-on funding, enter international markets, and in some cases, achieve successful exits. The accelerator's impact extends beyond individual companies, contributing significantly to Iceland's growing reputation as an emerging entrepreneurial hub in Northern Europe.