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Entrepreneurship in Akureyri

Map of Akureyri

Entrepreneurship in Akureyri

Entrepreneurship in Akureyri

Akureyri has emerged as Iceland's second startup hub, offering a distinctive ecosystem that combines Arctic innovation with quality of life and specialized research capabilities. Northern Iceland's largest urban center has developed particular strengths in marine technology, sustainable tourism solutions, and Arctic research applications, supported by institutions like the University of Akureyri. For founders, Akureyri offers unique advantages: specialized expertise in marine resources and northern climate technologies, exceptional quality of life combining urban amenities with immediate access to dramatic natural landscapes, and lower operating costs than Reykjavik. The ecosystem features organizations including Akureyri Innovation Center and close connections to the Arctic Cooperation Network, enhancing opportunities across northern regions. While small in absolute terms, Akureyri's combination of marine expertise, Arctic research capabilities, and intimate community where founders can collaborate directly with industry and government creates a specialized environment particularly suited for entrepreneurs building startups that address challenges specific to northern environments and marine resources.

Akureyri has emerged as Iceland's second startup hub, offering a distinctive ecosystem that combines Arctic innovation with quality of life and specialized research capabilities. Northern Iceland's largest urban center has developed particular strengths in marine technology, sustainable tourism solutions, and Arctic research applications, supported by institutions like the University of Akureyri. For founders, Akureyri offers unique advantages: specialized expertise in marine resources and northern climate technologies, exceptional quality of life combining urban amenities with immediate access to dramatic natural landscapes, and lower operating costs than Reykjavik. The ecosystem features organizations including Akureyri Innovation Center and close connections to the Arctic Cooperation Network, enhancing opportunities across northern regions. While small in absolute terms, Akureyri's combination of marine expertise, Arctic research capabilities, and intimate community where founders can collaborate directly with industry and government creates a specialized environment particularly suited for entrepreneurs building startups that address challenges specific to northern environments and marine resources.

Akureyri founders in numbers

The startup community in Akureyri shows a healthy mix of people still exploring ideas (52%) and those already building something (48%). This balance between early-stage thinking and committed founders shapes the local scene. Looking at the numbers, the median age of founders in Akureyri is 28.5, with an average age of 33.1. Most are in the 25-32 age range, which makes up 39.8% of the community. When it comes to background, 49% of founders in Akureyri have technical skills in areas like engineering or software development, while 51% come from business roles such as operations, product, or marketing. This mix creates plenty of opportunity for strong co-founder matches. Popular areas of interest include Software, Biotechnology, Tourism, and Aerospace. Many founders in Akureyri also speak more than one language, adding fresh perspectives to the city’s startup ecosystem Impacts are {13},{14},{15},{16}.

Commitment Type

More than (52%) of Foundersbase founders in Akureyri, are exploring startup ideas, while (48%) are committed to an idea.

Has idea 52%

Age

The median age of Foundersbase founders in Akureyri is 28.5, while the average is age 33.1 with a maximum in the group of founders aging 25-32.

Type of Founder

About (49%) of Foundersbase founders in Akureyri are technical (Engineering, AI/ML), while (51%) are non-technical (Product, Marketing, Operations).

Technical 49%

Top industry interests

Discover the industries that Foundersbase founders in Akureyri are most passionate about.

Software
Biotechnology
Tourism
Aerospace
E-Commerce
Logistics
Genomics
Industrial Technology

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