Introducing Startup Energy Reykjavik

On January 16th 2014, Startup Energy Reykjavík was presented by their founders in an open day meeting at the headquarters of Arion Bank in Reykjavík.

Focused on energy related business, Startup Energy Reykjavik is a mentorship-driven seed stage investment program with a strong focus on energy related business ideas. Startup Energy Reykjavik is a first of a kind program in Iceland. It offers a unique opportunity for entrepreneurs, not only to develop their ideas, but also to network with others in the energy business.

The program is open to different ideas related to the energy-field. Projects include company research or prototype development. International applications In business are highly valued. Early stages ideas are also welcomed to apply.

Applicants are welcome from companies, groups or individuals. Applications are open until February 16th. The top twenty ideas will then be pre-selected by February 20^th followed by the selection of the final seven on February 27^th. The project is scheduled to start March 10^th.

As announced on the website of the program, finalists will receive USD 40,000 in seed funding. The program runs for 10 weeks, participants working 3 days a week at the facilities provided at the University of Reykjavik (including weekly mentor meetings with the program founders).

Startup Energy Reykjavik was founded by Landsvirkjun, Arion Bank, GEORG and Innovation Center Iceland in December 2013. The program is facilitated by KlakInnovit and Iceland Geothermal. Further information can be seen on the program’s website.