Innovation island: Island sets new standards in the digital economy!
Innovation island: Island sets new standards in the digital economy!
In the past two years,Island has established itself as a pioneer in the field of digital innovation and has further consolidated its position as an advanced, innovation -driven economy. With a population of almost 400,000 and an impressive combination of highly qualified workforce, a world -class infrastructure and public support for research and development, the country is well equipped for the digital challenges of the future. According to the OECD business report 2025, Iceland not only shows a high labor market participation, but also a strong productivity that is supported by a forward-looking innovation policy. This leads to continuous growth in digital and knowledge -based industries, even in a globally economically insecure environment. In 2025, Iceland occupies the 6th place worldwide for broadband speed and is emphasized in the European innovation report as a "strong innovator" in terms of above -average performance in digital skills and cooperation in research and development. In addition, the country is proud to rely 100 % on renewable energy.
The small -structured economy of Iceland, which favors a global way of thinking during startups, is particularly remarkable. These are also supported by robust digital connectivity and a multilingual talent pool, which facilitates access to EU research and funding programs such as Horizon Europe. This is how Iceland is well positioned in order to achieve digital sovereignty and to promote far -reaching innovations in Europe. A look at the most important companies in the Iceland-Tech sector in 2025 shows how diverse and innovative the scene is.The innovative stars of the Icelandic tech ecosystem
- Geosalmo : With an amount of 13.4 million euros, the company sells land-based laughing production using hybrid flow technology and geothermal water resources.
- Activity Stream : The live entertainment system recorded income of $ 13.5 million in 2024 and offers a platform that combines ticketing, marketing and e-commerce data. Real-time analyzes and AI tools increase personalization and sales flow.
- Treble Technologies : This B2B SaaS scale-up for acoustic simulation implemented 11 million euros in 2024. The platform enables virtual prototypes and synthetic audiogenization.
- Avilabs : With 8 million euros, Avilabs ensures smooth passenger interruptions in aviation by automating vocals and compensation.
- laxey : An innovative player in aquaculture with a planned annual capacity of 32,000–36,000 tons of sustainable salmon, which achieved sales of 6 million euros.
- plaio : This B2B SaaS for AI-based supply chain planning in the pharmaceutical industry has taken 4.3 million euros and improves the forecast accuracy and visibility in production.
- MOOMBIX : The Edtech startup for online music training manages with 2.27 million euros in income in 2024 to connect pupils and teachers for flexible live meetings.
- Prescribyy : With the focus on clinical treatment management for addiction medication, Prescricby has taken 2 million euros and supports experts in securing high -risk.
These companies impressively show how digital innovation and sustainability can go hand in hand. In order to take this trend into account, “Digital Iceland” was launched in 2018. The focus is on improving digital services for public institutions and their access, simplicity and speed. The digital policy for public services published in 2021 heads the path of digital transformation, which extends to both state and local authorities. In close cooperation, Iceland aims to promote digital transformation in public institutions.
The digital transformation in Iceland
Another prerequisite is Iceland's active participation in international initiatives to promote digital public services, including cooperation with Nordic countries through the Nordic Council of Ministers, as well as at the EU level and the OECD. This piazza leads to constant advances in the digital landscape: access to digital services is further facilitated by new projects and country cooperations.
The digital green transition is another important part of Iceland's strategies. By accessing digital services, the aim is to significantly reduce the CO2 footprint by 2040 and 2050. A comprehensive approach that integrates information and communication technologies as well as green data centers is intended to support the environmental objectives set.
All in all, there is enormous potential in Iceland's tech ecosystem. The innovative strength, coupled with a strong digital infrastructure and an up-and-coming start-up culture, promises an exciting chapter in the digital future of the country. Iceland proves that sustainable digital transformation is not only possible, but also necessary and can be the key to a successful and resilient economy of the future.
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