Which types of companies should apply to Startup Reykjavik?

Getting closer to Startup Reykjavik‘s application deadline, I frequently get asked what kind of ideas or companies should apply to the accelerator.

Many consider an accelerator like Startup Reykjavik the perfect forum for business ideas in their early stages and that the program suits founders well for assisting with incorporation, shape their idea and strengthen the business model. To some extent, they are right.

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Startup Reykjavik’s startups from 2012 – How have they performed?

Building an excellent company takes at least ten years. We often see successful companies that we perceive became superstars overnight. Founders of companies like Uber, Lyft and AirBnB had all worked on their current business ideas in some shape or form for over ten years before they became household names. Nothing happens by itself, and it’s usually founders’ tenacity and perseverance mixed with good luck that places excellent companies at the top, where they deserve to be.

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The digital journey of Arion Bank

Telling a good story on successful business measures is gratifying. Arion Bank has compiled detailed information on how it went about creating its internal accelerator, Digital Future, and presenting real impact of delivering new digital offerings. Investing in internal and external innovation has become part the Bank‘s genome. Continue reading

Betri sýn á hlaupatíma í 10k Reykjavíkurmaraþons frá upphafi

oÞað má alltaf gera betur. Í síðustu færslu setti ég fram gögn um hlaupatíma í 10 km hlaupi í Reykjavíkurmaraþoni frá upphafi. Eftir nokkrar ábendingar frá góðu fólki hef ég betrumbætt þessa tölfræði. Lykilbreytingin felst í því að skipta tímunum upp eftir kyni og setja inn meðaltíma hvers kyns inn á hverja “glæru”. Continue reading

Tölfræði Reykjavíkurmaraþons frá upphafi

Ég hef hlaupið í yfir 20 ár og hef reynt að passa upp á að halda nokkuð nákvæmlega upp á hversu mikið ég hleyp og hvenær. Frá því að ég keypti fyrsta Garmin úrið reyndist það ekki erfitt. Ég tók þátt í fyrsta Reykjavíkurmaraþoni (10K) árið 1993 og hef verið reglulegur þátttakandi í því síðan þá, þ.e. ef ég hef ekki verið meiddur eða utan landsteinanna. 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

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