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Carbfix and ON have received a 3.9m€ grant from the European Union’s Innovation Fund. This is one of the highest grants that a climate related initiative in Iceland has received and the first grant a project in Iceland receives from the Innovation Fund. The grant will be used

The Icelandic video game developer 1939 Games received 250 million kr. ($2 million) in revenue last year from their main product, the PC game KARDS. Moreover, the company managed to deliver a net profit from its operations last year, which was the first year in which it generated any revenue.

Ásthildur Otharsdóttir has been named chairman of the board of Kaptio. She replaces Eggert Claessen who has been chairman of the board since 2016. This was announced in a press release from Kaptio earlier today. The board will include the company’s founders, Arnar Laufdal Ólafsson and Ragnar Fjölnisson. Other

Mussila has made a deal with the Swedish EdTech platform Skolon. Skolon is one of the fastest growing EdTech companies in Sweden with a platform available to over 450 thousand users in both Sweden and Norway. Mussila will be available on the platform this autumn, according to a statement from

The total value of exported patents in Iceland in 2020 was 50,9 billion kr. ($410 million) in 2020, which is 46% more than it was in 2019, according to Statistics Iceland. Patent exports have grown considerably in value over the years, with an average annual growth rate of 29%

Yesterday marked the start of trading in Solid Clouds shares on the Nasdaq First North Growth Market. Solid Clouds is the first game developing company to be listed in Iceland. The listing follows a four times oversubscribed share offering that took place at the end of June. A total of

The Icelandic carbon capture initiative Carbfix has signed a Memorandum of Understanding with a Norwegian firm working in the same industry, Aker Carbon Capture, on close collaboration in carbon capture and storage solutions. Valborg Lundegaard, CEO of Aker Carbon Capture, says in a recent press release that the collaboration will