Hringiða's goal is to promote and support green innovation projects.
Hringiða+ is business accelerator for green solutions. The role of Hringiðu+ is to promote the growth of strong companies in Iceland that are based on the philosophy of the circular economy, create valuable and interesting jobs, and deliver results in environmental and climate issues in Iceland.
The goal of the accelerator is also for participants to be able to apply for green grants both in Iceland and abroad.
The application deadline in Hringiða expired on February 13th.
Agenda
Up to ten companies will be selected to participate. They will have access to fully equipped office space during the accelerator and will have the opportunity to receive education and training and further develop their projects under the guidance of experienced entrepreneurs, investors, key players in the field of green solutions and other experts and managers, free of charge.
Hringiða+ is a six-week business accelerator divided into six two- to three-day sessions. There will be a two-week break over Easter.
Agenda
Hringiða begins on March 17, 2025 and lasts for eight weeks. There will be a break over Easter.
Week 1
March 17-19 - European Scholarships and Teamwork
During the first week of the accelerator, participants get to know each other and form connections. Lectures on LEAN canvas and Jobs To Be Done. Introduction and opening lecture from Richard Engström on Impact Business Modeling System.
Week 2
March 24-26 - Scholarships and Sustainability
Workshops and lectures on grants and the grant environment in Iceland and abroad.
Sustainability lecture and workshop.
Hringiðu lunch – event
The first mentoring sessions take place.
Week 3
March 31 -April 2 - Impact and Benefits
Workshop on shareholder agreements and a lecture on intellectual property rights. Green marketing and sales issues.
Networking with investors and stakeholders.
Week 4
April 7-9 - Project Management and Products
Workshop on action planning and investments.
Workshop on human resources and workplace culture.
Behavior training and preparation for presentations.
Prosecco and Pitch event.
Week 5
April 14-16 - Easter break
Holiday week
Week 6
April 21-23 - Easter break
Holiday week
Week 7
April 28-30 - Sustainability and Investments
Workshops and lectures on sustainability and finance.
Shark Tank.
Week 8
May 5-7 - Conduct training and investor presentations
Preparation and performance training for the final day of Hringiðu, which will take place on May 7th.
Mentors
The focus of Hringiðu+ is structured meetings with experts from a group of mentors from KLAK VMSThe progress of the participants under the guidance of the mentors results in a greatly increased likelihood that the startups will succeed, to the benefit of Icelandic society.
Staff
Participants 2024
A total of 30 startups have participated in Hringiða in the years 2021-2024. Further information about the teams can be found here.
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.
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
Intellectual property office
Eiríkur Sigurdsson
Icelandic federation of industries
Erla Tinna Stefansdottir
ICETEC
Guðbjörg Óskarsdóttir
Orkuveitan
Arna Pálsdóttir
orkuveitan
Birna Bragadóttir
MINISTRY OF ENVIRONMENT, ENERGY AND CLIMATE
Kjartan Ingvarsson
breið
Valdís Fjölnisdóttir
The sea cluster
Thor Sigfússon
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
Sponsors
Partners
English (UK) 
Íslenska