Healthy Environment for the Economy and Innovation
Description of the action and objectives
Green Deal action
We aim to strengthen the innovation culture at Reykjavík City and improve services for businesses and entrepreneurs by making them simpler, more digital, accessible and predictable, while building reliable and efficient infrastructure aligned with the needs of the business and innovation community. We accomplish this in part by supporting Iceland Innovation Week, allocating a portion of departmental funding to improvement and innovation projects, revising procurement frameworks to create opportunities for more parties, and enhancing services for businesses through digital application processes.
Implementation period
Planned completion in the second half of 2024
Status report on July 1, 2025
Reykjavík City has strengthened partnerships with key innovation stakeholders through renewed agreements and active project participation. The City finalized agreements with the University of Iceland on Startup Social and participates in the accelerator's steering group. Agreements were also reviewed and renewed with Innovation Week and approved by the City Executive Council. The City actively participated in the festival with its own events, promotional efforts, and support.
Collaboration with Climate-KIC continued through the Supply-Demand innovation workshop, which resulted in a report and follow-up actions. The city also participated in the universities' Idea Sprint by providing challenges and advice, and had representatives in the steering groups of The Golden Egg and Hringiða.
Older status reports
| Timeline | Progress description | |
| July 2024 |
Reykjavík City works with various partners that support the innovation ecosystem in different ways. The City is a sponsor of Iceland Innovation Week, which attracted 850 pass holders, 40% of whom were international visitors. Fifty domestic and foreign investors participated, and various open events throughout the city highlighted different aspects of innovation. Reykjavík City hosted open houses and micro-events at The Greenhouse at Lækjartorg on May 15-16, focusing on innovation in the city. Presentations are available here: https://reykjavik.is/en/innovationweek. Agreements were renewed with Klak – Icelandic Startups regarding Hringiða and The Golden Egg, and agreements were also renewed with FabLab Reykjavík. New authorization functionality for proxy holders on the My Pages portal has been implemented. This project was an important first step toward enhancing digital services for businesses. |
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Reykjavík City departments:
Related actions
Economic objectives
- 1. Responsible financial management | Green Deal The City's Financial Policy is based on sustainability, stability, predictability, and transparency.
- 2. Dense and mixed development | Green Deal Denser, mixed housing with neighborhood sustainability at its core.
- 3. New employment opportunities of the future | Green Deal Future job opportunities will be based on knowledge, innovation, and sustainability.
- 4. A favorable environment for business and innovation | Green Deal Good land use, diverse economy, and premises for all types of companies of all sizes.