The Startup Ecosystem of Reykjavik

Reykjavik has 143 startups in our sample database which represents about 90% of Iceland’s sampled startups. Reykjavik is the highest-ranked startup ecosystem in Iceland.

CITY RANKING

In 2023, the startup scene of Reykjavik developed considerably and increased in the Global Ecosystem Index by 68 spots.

National Ranking

1st
0
In Iceland

Regional Ranking

33rd
+
27
In Western Europe

Global Ranking

141st
+
68
Worldwide
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ECOSYSTEM

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Ecosystem

The Startup Ecosystem in Reykjavik

Startups in Reykjavik excel in Health, Energy & Environment, and and Foodtech. There are some notable success stories contributing to the city’s growing Health industry. One of the most promising startups in Reykjavik in 2023 is Activity Stream, GRID, and Oculis.

Global Rank

Reykjavik is ranked within the top 150 startup ecosystems globally.

Top Industries

Reykjavik’s startups excel particularly in Health where it ranks 53 and in Energy & Environment, and Foodtech. Find out more

Top Cities for Startups in Iceland - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
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2023 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
141st
+
68
5.027
00.00
00.00
00.00
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Startups

Notable Startups in Reykjavik
Activity Stream startup icon
Activity Stream
GRID startup icon
GRID
Oculis startup icon
Oculis

Startups

Successful Health startups in Reykjavik
Oculis startup icon
Oculis
Sidekick Health startup icon
Sidekick Health
EpiEndo Pharmaceuticals startup icon
EpiEndo Pharmaceuticals

Startups

Startups Ranking by Industry

Health icon
Health
#53 worldwide

On our map, you can explore a total of 35 startups for Health.

Energy & Environment icon
Energy & Environment
#65 worldwide

The Energy & Environment industry in Reykjavik is ranked 65 globally. There are 17 startups for Energy & Environment on our sample database and map.

Foodtech icon
Foodtech
#67 worldwide

Foodtech is ranked 67th in the world. Our database contains 14 startups for this industry.

ECOSYSTEM

Why should you join Reykjavik's Startup Ecosystem?

Overview

Within Reykjavik there is an increased attraction for entrepreneurs to set up their startups in industries such as Health, Energy & Environment, Foodtech. These three industries represent about 46% of the startups represented on the Startup Ecosystem Map of Reykjavik.

1st

National Rank

33rd

Regional Rank

Overview

Reykjavik is Iceland's 1st best startup ecosystem and is ranked 33rd in Western Europe. With a population of 0.1M - 0.5M people, Reykjavik is ranked 141st in the world. The city has some notable startup success stories including Activity Stream.

ECOSYSTEM
Startup Infrastructure in Reykjavik
With a large variety of initiatives, Reykjavik's startup ecosystem stands out from other cities in Western Europe. Reykjavik offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Reykjavik's most prominent support initiatives:

Coworking Spaces

Regus - Reykjavik, Harbour Square startup icon

Regus - Reykjavik, Harbour Square

Featured Ecosystem Portals

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