Hringiða is a business accelerator with a focus on sustainability and aims to highlight, promote and support innovative projects at an early stage.
Hringiða focuses on organized workshops and meetings with experts from the KLAK Venture Mentoring Service (VMS). The guidance provided by these mentors significantly increases the likelihood of startup success, benefiting Icelandic society.
Hringiða's mission is to promote the establishment of powerful companies in Iceland that are based on the concept of the circular economy, create valuable and interesting jobs and deliver results in environmental and climate matters in Iceland.
This is a process where up to ten start-up projects in the early stages are given access to a wide network of mentors from the business world and targeted training.
Hringiða is managed by KLAK - Icelandic Startups, which has long been dedicated to supporting the development of business ideas and uniting stakeholders with value creation as a core principle.
Sponsors are the City of Reykjavík, the Ministry of the Environment, Energy and Climate, Orkuveitan, Faxaflóhafnir, Terra, Ölgerðin and the Icelandic Federation of Industries. Hringiða's partners are Rannís, Breið þróunarfélag, Evris, Sjávarklasinn, Grænvangur, Hugverkastofa, F6S and Hringrásarklasinn.
The application deadline in Hringiða expired on February 25, 2024.
Participants 2024
Nine early-stage start-ups participated in Hringiða 2024.
Arctic Fibers
Arctic Fibers is transforming lupine in Iceland into accessible materials for the construction industry, textiles and more. By establishing a small plant fiber factory, we put agricultural raw materials back to work in a sustainable way. Our goals are to promote renewable agricultural practices, support the restoration of biological diversity and promote a circular economy here in Iceland.
Circula
Circula recycles composite cardboard packaging such as Tetra Pak and uses it to produce green building boards with 80-90% less carbon footprint than other building boards. 100% recycling of waste streams in Iceland, where the product is a green construction material that meets the construction industry's goals of 55% less carbon footprint by 2030 and better.
Our goal is to offer our eco-friendly Ekko towing shutters that save an average of 7.5% of oil per hunt, which quickly saves the value of the shutters. In addition, the Ekkó tow shutters float over the bottom and protect the bottom living environment.
Flaff - the textile industry
Flöff plans to establish the first textile recycling center in Iceland, where unusable textiles are broken down and new value is created from them. Textile waste is a huge problem in the world and with this activity Flöff forms an important link in Iceland's circular economy.
Í djúpum
Today, much of horse manure in Iceland is disposed of, at great expense to the horse owners, without any use for it.
Reklotek
Reklotek offers a software solution for the analysis of textile products for reuse or recycling. Reclotek makes sorting easier with the use of artificial intelligence, speeding up the process of sorting garments so they get to the right place.
RO
RÓ researches and designs sensible utility items with an emphasis on well-being and serenity, based on local ingredients. We hereby present the RÓSEMI Recliner, the Flóra Meditation Cushion and the RÓ Wool Mattress, made of wool, wood and plant colors.
SeaGrowth
SeaGrowth plans to produce bio-cultured fish pulp from fish cells for food production. The process is such that an initial sample is taken from a wild, healthy fish, the cells are isolated and grown in specially designed culture tanks. The resulting mass of fish will be sold to food processing companies that process the raw product into fish dishes ready for consumers.
Visttorg
Visttorg collects sustainability information for building products and puts it in an accessible digital format to simplify designers' understanding of how the choice of building materials affects the building's sustainability.
Agenda
Hringiða started on March 11, 2024 and lasted for 6 weeks.m discusses a process where nine start-up projects in the early stages have been given access to a wide network of mentors from the business world and targeted training.
Hringiða focuses on organized workshops and meetings with experts from the KLAK Venture Mentoring Service (VMS). The guidance provided by these mentors significantly increases the likelihood of startup success, benefiting Icelandic society.
Agenda
Hringiða begins on March 11, 2024 and lasts for eight weeks and is a holiday over the Easter holiday. The program for Hringiða will be published soon.
Week 1
14.-15. March - European grants and teamwork
During the first week of the accelerator, the participants get to know each other and form relationships with each other. Lectures on European grants and Iceland's participation in the LIFE program. A workshop in effective teamwork.
Week 2
21.-22. March- Needs analysis and investors
Workshop in needs analysis with Magnús Inga Óskarsson. Preparation for a conversation with investors. Visit to Grundartanga.
Marketing workshop.
The first mentoring sessions take place.
Week 3
28.-29. march
Call Noon - Event
Week 4
3.-7. April
Holiday week
Week 5
11.-13. April
Workshop in needs analysis. The teams present their projects to the shark tank and receive feedback. Conduct course with María Ellingsen to prepare participants for an event. Mentoring sessions.
Week 6
18 - 19 April Action plan and attack on foreign markets
18-month action plan. Workshop in intellectual property law. A workshop in an attack on foreign markets.
Week 7
25.-26. April - Inspiralia
Inspiralia comes to the country and holds a workshop and meets the teams in consulting meetings.
Week 8
2.-4. May - Action plan and investor presentations
Ranni's workshop on European grants and presentation training for Hringida's investor day.
Mentors
KLAK VMS is part of Hringiða's program. KLAK's Venture Mentoring Service is one important link in Hringiða's support system.
Hringiða's mentoring arrangement is based on the philosophy of the MIT Venture Mentoring Service, which has been developed for over two decades. Participants in Hringiða will meet with two to five different mentors at a time during the business accelerator.
Mentors
KLAK VMS – Mentoring service KLAK is one of the most important elements in the support system of the start-up community and is therefore part of Hringiða.
Hringiða's mentoring arrangement is based on the philosophy of the MIT Venture Mentoring Service, which has been developing arrangements for over two decades. Participants in Hringiða will meet with two to five different mentors at a time during the business accelerator.
Ministry of Education and Children
Arnór Guðmundsson
be
Ágúst Freyr Takács Ingason
stratagem
Ása Karin Hólm
black peaks
Bárður Örn Gunnarsson
e4
Daddi Guðbergsson
Dagný Halldórsdóttir
Míla
Erik Figueras Torras
founder of the congregation
Georg Lúðvíksson
Faxaflóahafnir
Gunnar Tryggvason
Lagerinn iceland
Halldór Sigurjónsson
the university of bifrost
Haraldur Daði Ragnarsson
Kirstín Flygenring
University of Iceland
Kristin Vala Ragnarsdóttir
instrument
Kristján Schram
dynamic unit control
Peter Richter
the energy cluster
Rósbjörg Jónsdóttir
Controlant
Sævar Garðarsson
University of Iceland
Sandra Mjöll Jónsdóttir-Buch
national hospital
Sigurður Þórarinsson
Bravoearth
Vilborg Einarsdóttir
Steering committee
Sponsors' representatives form the project's steering committee. The project's steering group is, among other things, involved in reviewing applications and selecting the business ideas that are offered participation in the accelerator.
City of Reykjavík
Hulda Hallgrímsdóttir
City of Reykjavík
Óli Örn Eiríksson
Icelandic federation of industries
Nanna Elísa Jakobsdóttir
ICETEC
Guðbjörg Óskarsdóttir
Orkuveitan
Arna Pálsdóttir
orkuveitan
Birna Bragadóttir
MINISTRY OF ENVIRONMENT, ENERGY AND CLIMATE
Kjartan Ingvarsson
breið
Valdís Fjölnisdóttir
Ölgerðin
Málfríður Guðný Kolbeinsdóttir
Terra
Gróa Björg Baldvinsdóttir
Hringrásarklasinn
Thorbjörg Sandra Bakke
Faxaflóahafnir
Gunnar Tryggvason
Evris
Anna Margrét Guðjónsdóttir
Grænvangur
Thorberg's night
Rannís
Björg María Oddsdóttir
The energy cluster
Rósbjörg Jónsdóttir
sjávarklasinn
Thor Sigfússon
Sponsors
Partners
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