The Technology Development Fund, managed by the Icelandic Centre for Research (Rannís), is a competitive fund that issues calls for proposals twice a year to support research and development activities leading to innovation in Icelandic industry. It is open to individuals, universities, business enterprises, and public institutions.
Is Technology Development Fund the right investor for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with Technology Development Fund, along with a list of other relevant VCs, is available on Hopohopo.io.
Investment role
Lead and follow
Stages
Seed, Series A
First ticket size
ISK 10,000,000 - ISK 30,000,000
When approaching the Technology Development Fund, emphasize how your project aligns with Iceland's strategic priorities, such as the blue economy, health tech, or digital solutions. Clearly articulate the innovation and commercial potential of your project, detailing specific milestones and co-funding sources. A comprehensive business plan, including market analysis and financial projections, will strengthen your application.
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