We help startups grow within and out of Iceland by accelerating their businesses and connecting them with industry experts, investors and leading startup hubs abroad.

Icelandic Startups is the largest private startup community organisation in Iceland. Our services are free of charge, providing a customised support for entrepreneurs and startups ranging from the seed of an idea to the first or even second round of funding.

Icelandic Startups is a community driven startup organisation and serves as one of the key builders of the Icelandic startup ecosystem.


From left: Elsa Bjarnadóttir, Salóme Guðmundsdóttir, Freyr Friðfinnson, Atli Björgvinsson, Sunna Halla Einarsdóttir and Edit Ómarsdóttir


Our board of directors represents our shareholders and includes some seasoned entrepreneurs and executives.

Gummi Hafsteins

Chairman of the board

Ari Kristinn Jónsson

Reykjavik University

Hjalti Þórarinsson

Chairman of the board

Huld Magnúsdóttir

Managing Director
NSA Ventures 

Ólöf V. Ragnarsdóttir

Innovation Manager
University of Iceland

Rakel Garðarsdóttir

Owner of Vesturport, and Vakandi

Sigríður Mogensen

Federation of Icelandic Industries

Þorsteinn Gunnarsson

Co-founder and board member

The history of icelandic Startups

The history of Icelandic Startups can be traced back to 1999 when Nýherji one of the largest IT company in Iceland founded an incubator, Klak as a way to support the local startup scene, later providing startups with opportunities to pitch their ideas to investors at Seed Forum and study entrepreneurial skills in Viðskiptasmiðjan study program. In 2007 three university students founded Innovit, a student driven not-for-profit identity to help university students start their own companies with initiatives such as Gulleggið business plan competition, Startup Weekends workshops as well as Global Entrepreneurship Week and TEDxReykjavik as celebration for innovation and entrepreneurship.

In 2013 the two companies merged after launching the first accelerator program in Iceland, Startup Reykjavik together with Arion bank. Initially called Klak Innovit, the company rebranded as Icelandic Startups in 2016 emphasising the importance of international relations by connecting Icelandic startups to leading experts and startup communities abroad.  

Today Icelandic Startups serves as a non profit and is owned by Origo, University of Iceland, Reykjavik University, NSA Ventures and The Federation of Icelandic Industries.



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