Iceland Technology Development Fund
support Icelandic tech companies and research projects
- Program Type
- Grant
- Deadline
- Aug 18, 2025
- Locations
- Iceland
- Source
- Rannís
- Reviewed by
JJ Ben-Joseph- Last Updated
- Oct 28, 2025
Iceland Technology Development Fund
Overview
Iceland Technology Development Fund is a grant designed to support Icelandic tech companies and research projects. Operating in Iceland, the program typically provides support valued at ISK 60,000,000 with an application deadline of 2025-08-18. Managed by Icelandic Centre for Research, it concentrates on blue economy, health tech, and digital solutions. Successful applicants often include startups leveraging Iceland’s testbed environments, who leverage the resources to accelerate impact and growth. The opportunity stands out for its access to Nordic collaboration networks, making it a compelling pathway for ambitious teams looking to differentiate themselves.
Opportunity Snapshot
| Detail | Information |
|---|---|
| Program ID | iceland-technology-development-fund |
| Funding Type | Grant |
| Funding Amount | ISK 60,000,000 |
| Application Deadline | 2025-08-18 |
| Primary Locations | Iceland |
| Tags | technology, research, innovation |
| Official Source | Rannís |
| Application URL | https://www.rannis.is/ |
Eligibility Checklist
- Requirement: Applicant must be Icelandic company, research organization, or entrepreneur. Recommendation: Describe evidence that demonstrates compliance and readiness.
- Requirement: Project must demonstrate innovation and commercial potential. Recommendation: Describe evidence that demonstrates compliance and readiness.
- Requirement: Team must present clear milestones and co-funding sources. Recommendation: Describe evidence that demonstrates compliance and readiness.
Application Strategy Roadmap
| Phase | Core Actions | Insider Tip |
|---|---|---|
| Discovery | Analyze sponsor priorities, gather documents, and align stakeholders. | Map how your solution supports blue economy, health tech, and digital solutions to show strategic fit. |
| Drafting | Build narratives, budgets, and evidence for reviewers. | Highlight how access to Nordic collaboration networks will accelerate measurable results. |
| Review | Conduct internal QA and mock evaluations. | Invite partners from Iceland to validate your messaging. |
| Submission | Upload final materials and confirm receipt. | Prepare contingency plans for portal issues near 2025-08-18. |
| Follow-Up | Track feedback and plan post-award milestones. | Showcase early wins to deepen relationships with Icelandic Centre for Research. |
Program Insights
Applicants who excel in Iceland Technology Development Fund provide a compelling narrative that links innovation to national or regional priorities. Explain how your project addresses unmet needs, and quantify potential benefits for customers, partners, or communities. Review panels want to see credible execution teams, so outline governance structures, technical expertise, and collaborative partners from Iceland or abroad.
Beyond technical merit, evaluators prize sustainability and scalability. Detail the KPIs you will monitor, from adoption rates to environmental gains, and clarify how the requested ISK 60,000,000 bridges the gap between concept and full deployment. If you can demonstrate pathways for replication or export, emphasize them using data from market research and pilot engagements. Close your application with a forward-looking plan that demonstrates how support from Rannís will catalyze long-term growth.
Insider Tips to Win Iceland Technology Development Fund
- Align with Icelandic priority sectors. Reference blue economy, geothermal, or circular economy strengths where relevant.
- Show matching finance. Detail how company equity or other grants cover the required co-financing share.
- Plan for staged milestones. Break development into phases with go/no-go criteria aligned to Rannis reporting cycles.