Hringið's goal is to create strong companies in Iceland that work on green solutions, create valuable and interesting jobs, and deliver results in environmental and climate issues in Iceland.

Up to 10 early-stage startups are given access to a broad network of mentors from the business community and targeted training in building startups.
The accelerator is managed by KLAK-Icelandic Startups, which has many years of experience in operating business accelerators and providing assistance with the development of business ideas.