At KLAK – Icelandic Startups, we work every day to support entrepreneurs and strengthen the innovation community in Iceland. It makes us especially happy to see when teams that have gone through our projects, whether it's a business accelerator, an idea sprint, or the Gulleggið entrepreneurship competition, achieve well-deserved success. Recently, the Rannís Technology Development Fund announced which projects would receive an invitation to enter into agreements for funding to further develop their innovation, and quite a few teams that KLAK has been involved with were among that group.
We would like to congratulate the following teams on this important milestone. They are true role models and it makes us happy to see how dynamic and ambitious the teams that go through the KLAK accelerators and projects turn out to be.
Circular Library Network ehf. participated in Hringiða in 2023 and received the Growth grant in this allocation for their project on the Circular Sharing Economy. They are working on the development and growth of the Circular Sharing Museum, which is a network of sharing stations throughout Reykjavík. The goal is to provide access to tools, equipment and useful items for repairs, DIY projects, camping, sewing and hobbies.
Massif Network ehf. received a grant for marketing, as the company aims to increase its visibility in the film industry. They participated in Startup SuperNova in 2024 and also won the Creative Business Cup Iceland competition held by KLAK this spring. Massif network works to assist professionals in the creative industries in finding locations for their projects and putting them in touch with a trusted network of production companies and professionals in the chosen locations.
Orb Ltd. Orb is working on developing this software that simplifies forest certification and monitoring. The solution combines field measurements with satellite data and provides a detailed overview of the condition of forests.
The companies Flöff, SagaReg and Visttorg all received Sprotastyryk.
Flöff ehf. participated in Þráðaþon in 2024 and Hringiðu the same year, but they plan to use the grant for research and development on the utilization of textile waste and wool in Iceland. Flöff is currently working on Iceland's first textile recycling plant, converting waste into new value and producing high-quality design products with sustainability as its guiding principle.
SagaReg won the Gulleggin competition at the beginning of 2025 and received funding to further develop its solution that simplifies the preparation of application documents (dossiers) for marketing authorization of medicines using artificial intelligence and specialized software.
Visttorg ehf. participated in Hringiðu in 2024 and received a grant to develop Vistbók, a smart database service for the environmental impact of building materials. Visttorg is a technology company that offers data-driven services for architects, designers, engineers, contractors, builders, retailers and real estate companies who want to be at the forefront of reducing the carbon and environmental footprint of the construction industry.
The companies Vital Sync and Snotra Sustainability received seed funding.
Snotra sustainability went through the Startup Tourism accelerator in the fall of 2024. Snotra is developing an AI solution based on SaaS to empower the tourism industry, ensuring compliance with EU sustainability policies and industry standards through data collection and distributed, interactive training aimed at increasing overall participation in sustainability in tourism.
VitalSync made it to the top 10 in this year's Gulleggin finals. Vital sync works to extend the independent living of the elderly. They strive to do this by implementing safety equipment that fits better into the elderly's routine, for example with measuring devices built into clothing.