Innovation Center Iceland encourages innovation and promotes the advancement of new ideas in Icelandic economy by providing active participation and support to entrepreneurs and businesses. Innovation is a prerequisite for diversity in the Icelandic economy and the basis of a strong competitive position of the economy. Innovation Center Iceland belongs to the Ministry of Industry and Innovation and operates according to the Act on Government Support for Technology, Research, Innovation and Industry (no. 75/2007).
The interplay of technological consulting and business support is the greatest strength of Innovation Center Iceland. A group of specialists in different fields encourage innovation and support the advance of new ideas through research, development projects, business development and professional advice and consulting.
The Director General of Innovation Center Iceland is Thorsteinn I. Sigfusson PhD, Professor and Laureate of the Global Energy International Prize 2007.