A reflection on the status of the Icelandic startup environment

I have been involved in the Icelandic startup community since 2011. Before that, I followed the scene from the outside with interest, yet with little or no direct participation. During this time, it is extraordinary to have witnessed the positive change, enthusiasm and increased interest from pretty much everyone in the startup community. Let me reflect a bit on how and what has changed. Continue reading

Umbreytingaskeið framundan í íslenskum orkuiðnaði

Orku­iðn­aður á Íslandi er á svip­uðum stað í dag og sjáv­ar­út­veg­ur­inn var í kringum inn­leið­ingu kvóta­kerf­is­ins. Aðgangur að orku­auð­lind­inni er tak­mark­aður og útfluttar orku­af­urðir eru fyrst og fremst hrá­vara í formi áls. Continue reading

Forritunarkeppni Arion banka í þróun snjallra fjármálalausna

FinTech er heitt í dag. Orðið stendur fyrir Financial Tehcnology, eða fjármálatækni. Fjármálafyrirtæki um allan heim standa frammi fyrir því að ung og efnileg fyrirtæki bjóða upp á fjármálatengdar þjónustur sem gjarnan eru betur sniðnar að þörfum neytenda og fyrirtækja en fjármálafyrirtæki gera. Á þessu er vitaskuld allur bragur. Continue reading

Kaptio secures 325 ISKM in funding from investors

Kaptio, whose team participated in Startup Reykjavik 2012, has secured 325 ISKM (2.6 USDM) from Frumtak and Capital A Partners. Frumtak and Capital A Partners are new investors, but NSA Ventures and Kaskur, previous investors, also participate in the round. Arion Bank, through Startup Reykjavik Invest, is still a shareholder in Kaptio. Continue reading

Accelerators benefit companies most that have already solved the fit-to-market problem

When encouraging people to apply to an accelerator like Startup Reykjavik to individuals I meet here in Iceland, there are generally speaking two types of dialogues I engage in. First, they are with those who have an idea of a particular business and are ready to make the jump to the real world with it, i.e. start a company around the idea. Second, there are those who have been working on the idea, and either have incorporated or are about to. Continue reading