Wasabi Iceland secures seed financing

Wasabi Iceland, a Startup Reykjavik company – 2015 cohort, has secured its first round of seed financing of ca ISK 50 million. The investement comes from a consortium of investors.
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Startup Reykjavik is now open for applications

For the fifth year in a row, Startup Reykjavik will be held during the summer of 2016. Iceland’s first seed stage, mentor driven accelerator is again on the move. We’ve just opened up for applications and the deadline is March 31st.
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Opinn hugur einkennir sterka frumkvöðla

Upphaf viðskiptahraðla á Íslandi

Fram til ársins 2012 hafði fjölþættum stuðningi við frumkvöðlaumhverfið verið ábótavant á Íslandi. Ekki var til stuðningsnet fyrir frumkvöðlana sjálfa, fjöldi fjárfesta var takmarkaður og almenn þjónusta var hvorki sýnileg né aðgengileg fyrir þá sem vildu stofna fyrirtæki og vera hluti af alþjóðamarkaði. Að frumkvæði Arion banka var ákveðið að koma á fót viðskiptahraðli (business accelerator) sem myndi taka á þessum vandkvæðum. Í samstarfi við Icelandic Startups (áður Klak Innovit) varð því Startup Reykjavík til, sem hefur verið starfræktur síðan þá.
Continue reading Opinn hugur einkennir sterka frumkvöðla

Stuðningur við nýsköpun á öllum skólastigum

Eins og með svo margt í lífinu að þá þarf að hefja uppeldi snemma til að heildstæðir einstaklingar verði til. Þar sem nýsköpun og frumkvöðlar standa mér næst er nærtækast að ræða um það í þessu samhengi. Sem starfsmanni Arion banka er mér það líka ljúft að ræða um hvernig við í bankanum höfum ákveðið að styðja við nýsköpun á breiðari vettvangi en bara í gegnum viðskiptahraðlana Startup Reykjavík og Startup Energy Reykjavík.
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Activity Stream receives 2 MUSD in funding

Startup Reykjavik can be proud today.

One of the portfolio companies of Startup Reykjavik Invest ehf., the investment company that invests in companies participating in Startup Reykjavik, received a little over 2 million USD investment from several investors in their Series A round. The company is Activity Stream from the 2013 cohort.Activity Stream Final
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A bank that invests in startups

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Since 2012, I have been fortunate enough to be on the team that started Iceland’s first seed stage, mentor driven business accelerator, Startup Reykjavik. Setting up such a venture was neither evident nor self explanatory. Arion bank, my employer, already had plans on aiding the Icelandic startup community in some way at the time but did not necessarily know exactly how. The initiation of a program where entrepreneurs would have the chance to fulfill their dreams by starting a company, receive guidance through mentorship and a small investment, not only requires money but long term commitment. And much of both. Not to mention understanding of how early stage investing works and a whole bunch of patience. In general terms, these are perhaps not the first-in-mind qualities that a bank has (apart from a balance sheet) to most people.

But Arion bank has.

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Last four years in hindsight

Reykjavik-ImageIn early 2008 I moved to Iceland after five years in Stockholm. In the next two years, I experienced, as many Icelanders, extreme changes in both the economy and mindset of people, both locally and non-locally. I will not dwell on that issue since so many have written and shared their thoughts on what could have gone better.
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