Revolutionizing innovation from Iceland's sustainable technology foundation
Iceland, a small nation with a population under 400,000, is making a significant impact on the global tech scene. Its digital infrastructure is world-class, ranking 6th globally for broadband speed in 2025, according to international reports. This high-speed connectivity, coupled with a highly educated workforce and strong innovation policies, has positioned Iceland as a promising hub for digital innovation and sustainable technology ventures.
The European Innovation Scoreboard has named Iceland a "Strong Innovator," recognising its commitment to research and development. The country's tech ecosystem thrives even amid broader global economic uncertainty, thanks in part to its access to EU research and funding programs such as Horizon Europe.
Some of the Icelandic tech companies to watch in 2025 include GeoSalmo, a land-based salmon farming technology company that raised €13.4M in 2024. GeoSalmo leverages Iceland’s renewable energy and innovation environment to scale sustainable aquaculture solutions.
Options Technology, a leader in capital markets infrastructure, recently expanded its private AI cloud infrastructure with a new data center in Iceland. This facility is designed for high-density AI workloads with a 72% reduction in energy costs compared to US sites and operates on 100% renewable energy, supporting secure, scalable AI for financial clients worldwide.
DBB Software, a bespoke software development firm, offers custom software, AI integration, cloud infrastructure, and mobile/web app development. They have a strong reputation for client communication and project management.
essensys { technology} specialises in tailored software solutions across industries including banking, insurance, and real estate, delivering secure, reliable platforms with expertise in full-stack development and AI.
Iceland's digital and knowledge-based industries are supported by strong public-private innovation frameworks, performing above-average in digital skills, R&D collaboration, and access to venture capital. Icelandic startups have a global mindset from day one, supported by robust connectivity and a multilingual talent pool.
Europe prioritises digital sovereignty and deep-tech innovation, positioning Iceland as a dynamic and well-connected player. Iceland's infrastructure is resilient, and its economy has grown due to its forward-looking innovation policies. The country boasts a high level of labour participation and strong productivity.
In conclusion, Iceland's commitment to innovation, renewable energy, and sustainable technology makes it an exciting place to watch in the tech world. With its world-class digital infrastructure, highly skilled workforce, and strong innovation policies, Iceland is a promising hub for digital innovation and sustainable technology ventures.
[1] Source: Startup Iceland, www.startupiceland.is [2] Source: Options Technology, www.options-technology.com [3] Source: DBB Software, www.dbb.is [4] Source: World Energy Council, www.worldenergy.org
