| Energy Fund |
Grants |
Provides funding for specific projects in the field of efficient energy use, including for education and informative projects. The fund also provides funding for projects that promotes the use of domestic energy instead of fossil fuels and strengthen international cooperation in such projects.
Link
http://www.orkustofnun.is/orkustofnun/rad-og-nefndir/orkusjodur/
Agency Responsible:
Orkustofnun (National energy Authority)
Funding:
50% of cost is eligible |
Yes |
National |
| Geothermal prospecting |
Loans |
The main purpose of the fund is to promote the further use of geothermal energy for heating in the country with the aim of improving living conditions and increasing access to the quality and potential of geothermal entail and to reduce the use of fossil fuels for heating and reduce the cost of the subsidies (from the government) for heating in cold areas.
Link
http://www.orkustofnun.is/orkustofnun/rad-og-nefndir/orkusjodur/
Agency Responsible:
Orkustofnun (National energy Authority)
Funding:
Up to 60% of total cost |
Yes |
National |
| Rannsóknarstyrkir Orkusjóðs (National energy authority research grants) |
Grants |
Research grants for:
- cost-effective energy efficiency and energy saving
- domestic energy and alternative fuels and fossil fuel savings
- the acquisition of knowledge in these areas and sharing
- research, development and cooperation to this aim
- job creation in these fields
Link
http://www.orkustofnun.is/orkustofnun/umsoknir/rannsoknarstyrkir-orkusjods/
Agency Responsible:
Orkustofnun (National energy Authority)
Funding:
No |
Yes |
National |
| Grants for district heating |
Subsidies |
Grants for project in renewable energy and sustainable fisheries. The goal is to support innovation in that field. Subsidies for using green energy f.exp heat pumps with the objective to save energy and improved energy efficiency of house heating:
Link
http://www.os.is/orkustofnun/umsoknir/eingreidslur/
Agency Responsible:
Orkustofnun (National energy Authority)
Funding: |
Yes |
National |
| Frumkvöðlasjóður Íslandsbanka |
Grants |
Grants for project in renewable energy and sustainable fisheries. The goal is to support innovation in that field. This support is specific to the renewable energy and sustainable fisheries sectors.
Link
https://www.islandsbanki.is/um-islandsbanka/samfelagsleg-abyrgd/frumkvodlasjodur/
Agency Responsible:
Íslandsbanki
Funding:
50% of cost is eligible |
Yes |
National |
| Átak til atvinnusköpunar |
Grants |
Átak til atvinnusköpunar is a fund for small innovation projects and marketing actions especially for entrepreneurs and SMEs.
Link
http://nmi.is/studningur/styrkir/atak-til-atvinnuskoepunar/
Agency Responsible:
Innovation center Iceland
Funding:
50% of cost is eligible |
No |
National |
| Tækniþróunarsjóður (Technology Development fund) |
Grants |
The role of the fund is to support research and development activities, which aim towards innovation in Icelandic industry. The Technology Development Fund is a competitive fund which issues its calls for proposals twice a year.
Link
http://en.rannis.is/funding/research/technology-development-fund/nr/545
Agency Responsible:
Rannis (The Icelandic Cenre for Research)
Funding:
The maximum contribution towards projects can amount to a total of up to ISK 45 million for a period of three years; ISK 30 million during two years or ISK 15 million during one year, which can be variously distributed during the years of support, depending on the progress of the project and its funding requirements. Up to one third of the total grant can used for market purposes (see the Icelandic rules for definition of allowed project parts) Applicants’ matching contribution of 50% is required. Support lasting up to three years may be applied for, although the fund’s board of directors only confirms a grant for one year at a time. Continued support depends on progress and the fulfilment of contractually agreed results. |
No |
National |
| Icelandic student Innovation fund |
Grants |
The goal of the Icelandic Student Innovation Fund is to provide an opportunity for universities, research institutions and companies to recruit students, in graduate and postgraduate studies, to undertake ambitious and challenging research projects during the summer time.
Link
https://en.rannis.is/funding/research/icelandic-student-innovation-fund/nr/570
Agency Responsible:
Rannis (The Icelandic Centre for Research)
Funding:
The grant is presented in the form of monthly grants for the student, but the company or the relevant supervisor is to supply facilities and pay material cost. The fund monitors the progress of the project over the summer, whilst the supervisor is responsible for the actual execution of the project and the delivering of a final report at the end of the summer. |
No |
National |
| Uppbyggingarsjóður (structural fund for each region in Iceland) |
Grants |
These grants are in all regions of Iceland. Innovation projects as well as cultural project are funded. The funding of the grants comes from the government but are allocated locally (or in each region of Iceland). Further information is available at http://www.vestfirdir.is/Uppbyggingarsjodur/
- http://www.austurbru.is/is/uppbyggingarsjodur-austurlands-1
- http://www.sass.is/radgjof-2/styrkir-til-eflingar-atvinnulifs-og-nyskopunar-2/
- http://www.atthing.is/uppbyggingarsjodur/
- http://www.menningarviti.is/default.asp?sid_id=61499&tre_rod=002|&tId=11
- http://sss.is/starfsemi/uppbyggingarsjodur
- http://www.ssnv.is/is/uppbyggingarsjodur
www.atvinnuvegaraduneyti.is
Link
http://www.eything.is/menningarrad/uppbyggingarsjodur
Agency Responsible:
Ministry of Industries and innovation
Funding:
50% of cost is eligible |
No |
Regional |
| Skattafrádráttur rannsókna- og þróunarverkefna (tax deduction for research and development projects). |
Taxation |
Companies that have received confirmation Rannís of research or development project have the right to tax deduction.
Tax deduction is based on an each project.. A company that owns a research and development project are entitled to deduction from the assessed income tax of up to 20% of the expenses incurred for these projects. The maximum expenses for calculation for each company is ISK 100,000,000 in operating year.
Link
https://www.rannis.is/sjodir/atvinnulif/skattfradrattur/
Agency Responsible:
Rannis (The Icelandic Centre for Research)
Funding:
Up to 20% of income tax. Maximum expenses for tax deduction for each project is ISK 100, 000,000 |
No |
National |
| Start up energy |
Mentoring |
Startup Energy Reykjavik is a mentorship-driven seed stage investment program with focus on energy related business projects.
Link
http://www.startupenergyreykjavik.com/en/
http://www.icelandicstartups.com/
Agency Responsible:
Klak Innovit (Icelandic start-ups)
Funding:
Not applicable |
Yes |
National |
| Konur í orkumálum – Women Network in Energy |
Networking Support |
This is a network for women in the energy business. This community on facebook.
Link
https://www.facebook.com/Konur-%C3%AD-orkum%C3%A1lum-259616860889418/?fref=ts
Agency Responsible:
Konur í orkumálum
Funding:
Not applicable |
Yes |
National |
| Samband sveitarfélaga á köldum svæðum |
Networking Support |
The network aims:
- working to decrease energy costs for heating "cold areas"
- to promote (further) geothermal prospecting
- to gather and share information in energy to its members
- to promote public awareness of ways of save energy.
- The network consist of 37 municipalities in Iceland where heating cost is high and no useable geothermal.
Link
http://ssks.is/
Agency Responsible:
Samband sveitarfélaga á köldum svæðum (Association of municipalities on cold areas)
Funding:
No funding. Network and lobbying. |
Yes |
National |
| Iceland geothermal |
Advice |
Iceland Geothermal is a platform where you can access all general information about geothermal energy in Iceland and leads you to the right coordinator if you are building up infrastructure or business in relation to the resource of geothermal.
Iceland Geothermal is a non-profit organisation that was established in February 2013. IG is an industry driven cluster cooperation partnership which focuses on the field of geothermal energy. The Iceland Geothermal Cluster Initiative was founded by 43 diverse members,including companies, associations and institutions.
Link
http://www.icelandgeothermal.is/
Agency Responsible:
Iceland geothermal
Funding:
Not relevant |
Yes |
National |
| Icelandic Research Fund |
Grants |
The IRF awards funding to research students and defined research projects led by individuals, research teams, universities, research institutes, and companies. Grant types include
• Project grants
• Grant of excellence
• Postdoctoral fellowship
• Doctoral student grant Further information is available at https://en.rannis.is/media/rannsoknasjodur/IRF-Handbook-2016.pdf
Link
https://en.rannis.is/funding/research/icelandic-research-fund/nr/527
Agency Responsible:
Rannis (The Icelandic Cenre for Research)
Funding: |
No |
National |
| Incubation spaces |
Incubation & Office Space |
Leasing of office space/desk on a low fee. Access to meeting facilities, facilities for workshops, research and prototype construction etc.
Professional advice and support from experts Innovation Centre
Creative environment and powerful network
Lectures and workshops on relevant factors in the entrepreneurial environment.
Link
http://nmi.is/studningur/frumkvoedlasetur/
Agency Responsible:
Innovation Center Iceland
Funding: |
No |
Local |
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