The introductory meeting took place on Friday 4 March 2022 at 11:00 a.m. live streaming. Hringiða is an accelerator designed to draw on, promote and support start-ups and innovation projects of companies and institutions.
The goal of Vorða is for participants at the end of the accelerator to be equipped to apply to the European strengths of 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 LIFE plan plays an important role in achieving in the coming years the necessary transition to a cleaner, energy-efficient and carbon neutral society in the spirit of the circular economy. The accelerator lasts for eight weeks, from late April to June and is processed with experts from Inspiralia and Rannís.
The accelerator is managed by Icelandic Startups, which has for a number of years provided assistance in the development of business ideas and brought together a group of stakeholders with value creation as a guiding light. The project is led by Reykjavik Energy , the Ministry of Environment, Energy and Climate Change, the City of Reykjavík, Sorpa, Terra, Faxaflóahöfn, the Icelandic Industry Association and Ölgerðin.