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Innovation Accelerators and the Golden Egg
Description of the action and objectives
Green Deal action
The City of Reykjavík is one of the main backbones of Startup Social (Snjallræði), a social business accelerator, and Hringiða, a business accelerator. In addition, the city supports the Golden Egg, the country's oldest and largest entrepreneur competition. The City has representatives on the boards of both business accelerators and on the judging panel of the Golden Egg.
Implementation period
Planned completion in the second half of 2023
Status: In progress
Status report on January 1, 2023
Reykjavík City was part of the Startup Social steering group, a 16-week growth space supporting endeavors by energetic teams passionate about contemporary challenges, and promoting the United Nations' global goals. In addition to giving a presentation at a workshop with the teams, Reykjavík City also provided counseling and answered their questions. The closing day of Startup Social was December 7 with the following startups presenting: Hringvarmi, Ylur, BioBuilding, Orb, Fort, On To Something, Laufið, Hugmyndasmiðir, and Sara, stelpa með ADHD.
Older status reports
| Timing | Progress description | |
| July 2022 |
Reykjavík City signed agreements for continued cooperation on the incubator Startup Social (Snjallræði), the accelerator Hringiða, and the innovation competition Golden Egg at the beginning of the year. Projects developed within the accelerator have already had various positive impacts on society. An event was held at Reykjavík City Hall in connection with Innovation Week under the name "Innovation for a circular world" where entrepreneurs from the Hringiða Accelerator presented their ideas to experts in innovation and sustainability. 150 ideas were submitted to the Golden Egg, which is a springboard for entrepreneurs in all fields who want to implement their ideas. The winner of the Golden Egg 2022 was the business idea TVÍK, or the technologically advanced Icelandic teacher, an interactive teaching platform that uses the latest language technology methods to help those taking their first steps in learning Icelandic. |
The actions of the Green Deal are linked to Reykjavík City's policies, which include:
Reykjavík City departments:
Related actions
The table below contains actions related to this initiative, and you can access more information by clicking on the "action title" in the table (if you're using your phone, it's better to turn it sideways).
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.