TheGrantIndex / Government Grants / Technology Development Fund — Fræ/Thróunarfræ Seed Grants

Technology Development Fund — Fræ/Thróunarfræ Seed Grants

Rannís (Icelandic Centre for Research) · Seed grant

$14KUp to ISK 2 million (about $14,500), no matching required

Small seed grants from Iceland's Technology Development Fund for start-ups and individuals preparing an innovative idea or development project.

Key terms

For start-ups or individuals in Iceland
Up to ISK 2M with no co-financing needed
Used to prepare an idea or cooperative development project
Open all year; decisions are made at least twice a year

Eligibility

Where: Iceland
Stages: idea, pre-seed
Needs VC/accelerator backing: No
Needs partner referral code: No
Must be incorporated: No
AI focus required: No
Students / researchers: Eligible
Nonprofits: Not eligible

Also required

Individuals may apply

How to apply

Apply online through the island.is grants portal.

Benefit: cash
Equity-free: Yes
Decision time: —
Credit validity: —
Deadline: Rolling
Status: Open

Apply on official site → Check if I qualify

Verified 2026-10-30 · source

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