Technology Development Fund

Enriched Nordic · Found: 2026-03-11 08:06

The role of the fund is to support research and development activities, which aim towards innovation in Icelandic industry.

Source: https://en.rannis.is/funding/research/technology-development-fund/

Funding Details

Funder

Rannís - Icelandic Centre for Research

Funding Goal

To support research and development activities aimed at fostering innovation in Icelandic industry, from early-stage ideas through to market-ready products.

Funding Amount

Not specified on available pages; varies by grant category (Seed, Sprout, Growth, Market, Patent, Applied Research)

Deadline

Rolling for Fræ (Seed) and Patent grants; periodic calls (typically February and September) for Sproti, Vöxtur, Markaður, and Applied Research (Rolling)

How to Apply

All applications must be submitted electronically through the Rannís application system at sjodir.rannis.is. Project applications may be written in English, but the project title and summary must be in Icelandic. Application forms are only available in Icelandic. Different grant categories have different deadlines — Seed and Patent grants are open year-round, while Sproti, Vöxtur, Markaður, and Applied Research have periodic competitive calls (typically February and September).

Target Region

Iceland

Contact

Email: taeknithrounarsjodur@rannis.is | Phone: +354 515 5800 | Office hours: Monday-Thursday, 10 AM-12 PM | Address: Borgartún 30, Reykjavík

Last Checked

2026-03-12 06:03

Application Checklist

Eligibility

• Applicant must be an individual, university, business enterprise, or public institution
• Project must aim towards innovation in Icelandic industry

Project Scope

• Select appropriate grant category matching project stage: Fræ (seed), Sproti (sprout), Vöxtur (growth), Markaður (market), Patent, or Applied Research

Required Documents

• Applications must be submitted electronically through the Rannís application system (sjodir.rannis.is)

Constraints

• Project title and summary must be written in Icelandic
• For Sproti, Vöxtur, Markaður, and Applied Research: observe periodic call deadlines (typically February/September)

Summary

The Technology Development Fund (Tækniþróunarsjóður) is an Icelandic government fund administered by Rannís, the Icelandic Centre for Research, operating under the Ministry of Culture, Innovation and Higher Education. It provides competitive grants to support R&D activities that drive innovation in Iceland's economy. The fund targets individuals, universities, business enterprises, and public institutions working on technological innovation. The fund offers multiple grant categories at different stages of innovation: Fræ/Þróunarfræ (Seed) for early-stage ideas and young entrepreneurs (open year-round), Sproti (Sprout) for young innovation companies in early-stage projects, Vöxtur (Growth) for development projects beyond the initial idea stage, and Markaður (Market) for SMEs engaged in R&D at various product readiness stages. Additionally, Patent Grants support patent preparation and applications (open year-round), and Applied Research Grants fund knowledge acquisition applicable to innovation within universities and research institutions, often in collaboration with businesses. Applications must be submitted electronically through the Rannís application system. While project applications may be written in English, the project title and summary must be in Icelandic, and the application forms themselves are only available in Icelandic. The fund operates on a competitive basis with periodic calls — main deadlines are typically in February and September, though Seed and Patent categories accept applications year-round.

Historical Context

The fund operates as a recurring competitive program with biannual proposal calls. The most recent deadlines were February 16, 2026 for Sproti, Vöxtur, Markaður, and Applied Research categories. Seed and Patent grants remain open year-round.

Sources

• https://en.rannis.is/funding/research/technology-development-fund/
• https://www.rannis.is/sjodir/rannsoknir/taeknithrounarsjodur/
• https://www.rannis.is/sjodir/rannsoknir/taeknithrounarsjodur/sproti/
• https://www.rannis.is/sjodir/rannsoknir/taeknithrounarsjodur/voxtur/

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