The goal of Hringiða is to highlight, promote and support innovation projects between companies and institutions.
At the end of the accelerator, participants will be able to apply for European funding, including the LIFE programme based on the ideology of the circular economy. LIFE is one of the EU's co-operation programmes that has funded climate and environmental projects since 1992.
The business accelerator builds on an international model and offers an ambitious platform and good preparation for applications for European grants. The focus of the accelerator involves organized meetings of participants with experienced entrepreneurs, investors and other experts. This is a verified process where up to ten start-up projects are granted access to a broad network of trainers from the business community and targeted training.
Management of the accelerator is in the hands KLAK who has for many years provided assistance in the development of business ideas and brought together a group of stakeholders with value creation as a guiding principle. The sponsors are the City of Reykjavík, the Ministry of Environment, Energy and Climate, Reykjavik Energy, Faxaflóahafnir, Terra, Ölgerðin and the Federation of Icelandic Industries. The partners of Hringiða are Rannís, Breið development company, Evris, Sjávarklasinn and Grænvangur.
Wands
Seven teams participate in Circle 2023.
Alor is working on the development and production of environmentally friendly aluminium batteries and energy storage of different sizes, i.e. from small batteries and accumulators to large energy storage in container sizes.
Circular services and the production of organic fertilisers from bio-waste in rural municipalities.
Mar Eco stands for Marine Ecolocial Solutions and the goal is to work on environmentally friendly solutions in the production and use of fishing gear. Recycled plastic scrap from the sea, the blue economy and environmentally friendly fishing.
Orb develops technologies to measure the carbon sequestration of forests in a cheap and accessible way to promote responsible carbon offsetting and the production of certified carbon units.
Resea Energy
Resea Energy is a research and development company aiming to produce biofuels from seaweed from cultivated seaweed.
Bambahús is a greenhouse that contributes to the strengthening of the circular economy, reusing liquid packaging that would otherwise be exported and landfilled. The houses are light, sturdy, premature, and specially designed with Icelandic climate in mind.
Munasafn RVK Tool Library provides communities with fair and financial access to tools and other items.
Arrangement
Hringiða will start on 14 March 2023 and last for eight weeks. The program takes place on Tuesdays and Wednesdays.
Week 1
March 14-15 - European Scholarships and Teamwork
In the first week of the accelerator, participants get to know each other and form connections with each other. Lectures on European grants and Iceland's participation in the LIFE programme. Workshop in effective teamwork.
Week 2
March 21-22- Needs Analysis and Investors
Workshop in needs analysis with Magnús Ingi Óskarsson. Preparing for a conversation with investors. Visit Grundartangi.
Marketing workshop.
The first mentoring sessions take place.
Week 3
March 28-29
Call Noon – Event
Week 4
April 3-7
Week off
Week 5
April 11-13
Needs Analysis workshop. The teams present their projects to shark tanks and receive feedback. A performance course with María Ellingsen to prepare participants for an event. Mentoring meetings.
Week 6
18 - 19 April Action Plan and Entry into Foreign Markets
18-month action plan. Intellectual Property Law Workshop. A workshop in the pursuit of foreign markets.
Week 7
April 25-26 - Inspiralia
Inspiralia come to the country and hold a workshop and meet the teams at advisory meetings.
Week 8
May 2-4 - Action Plan and Investor Presentations
Rannís workshop in European grants and conduct training for Investor Day Call.
Mentors
Vortex's mentoring arrangement is based on the philosophy of MIT Venture Management Service, which have developed arrangements for over two decades. Participants sit at a time and with two to five different mentors at once.
Mentors Circle 2022 were as follows:
50skills
Christian Christianity
Mobilitus
Helga Waage
Innovation Fund
Huld Magnúsdóttir
KPMG
Bjarni Herrera
Member of Parliament
Gísli Ólafsson
Auður Technology Square
Ásta Sóllilja Guðmundsdóttir
Auður Technology Square
Einar Mäntylä
Founder of Calidris
Magnus Ingi Óskarsson
Bifröst University
Hannah Kristín
Orchid
Sveinn Aðalsteinsson
The Icelandic ad agency
Christian Schram
University of Iceland
Ólöf Vigdís Ragnarsdóttir
Gest Pétursson
Well Ventures
Margaret Ormslev
Founder of Startup Iceland
Bala Kamallakharan
Intellectual Property Office
Jon Gunnarsson
Dagný Halldórsdóttir
Georg
Hjalti Páll Ingólfsson
Control group
Representatives of the sponsors form the steering committee of the project. The steering committee of the project participates, among other things, in the review of applications and the selection of the business ideas that are invited to participate in the accelerator.
The City of Reykjavík
Guðný María Jóhannsdóttir
Reykjavík City
Óli Örn Eiríksson
the Confederation of Industry
Nanna Elísa Jakobsdóttir
Technical Center
Guðbjörg Óskarsdóttir
Reykjavik Energy
Hólmfríður Sigurðardóttir
ORkuveita Reykjavíkur
Hera Grimsdottir
MINISTRY FOR THE ENVIRONMENT, ENERGY AND CLIMATE
Kjartan Ingvarsson
Broad
Valdís Fjölnisdóttir
Ölgerðin
Málfríður Guðný Kolbeinsdóttir
garbage
Jón Viggó Gunnarsson
Terra
Valgeir Baldursson
fax bay ports
Gunnar Tryggvason
Evris
Anna Margrét Guðjónsdóttir
Greenland
Night Thorberg
Rannís
Gyða Einarsdóttir
The Energy Cluster
Rósbjörg Jónsdóttir
Sponsors
Partners
