The Startup Ecosystem of Iceland
Iceland boasts 1 city in the top 1000 and is the leading startup hub in Western Europe.
COUNTRY RANKING
Icelandâs startup scene saw an increase in 2022 and jumped 14 spots from the previous year, outranking Malaysia.
Population
Million
Regional Ranking
In Western Europe
Global Ranking
Worldwide
ECOSYSTEM
Browse the startup ecosystem database of Iceland
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Ecosystem
The Startup Ecosystem in Iceland
Global Rank
Iceland is ranked within the top 50 startup ecosystems globally.
Top Industries
Icelandâs startup scene is best represented in Foodtech, Energy & Environment, and in and Health.
Top Cities for Startups in Iceland - Ranked by StartupBlink
| 2022 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 209th + 12 | 3.871 | 0.64 | 0.50 | 2.72 |
Startups
Notable Startups in Iceland
Startups
Successful Foodtech startups in Iceland
Startups
Startups Ranking by Industry
On our map, you can explore a total of 45 for Foodtech.
In Western Europe, Iceland's Energy & Environment is in top 17. Iceland has a concentration of about 30 of the region's total Energy & Environment startups that are represented on our map.
Iceland's Health is ranked 20th in the world. Our database contains 18 for this industry.
ECOSYSTEMSFeatured Ecosystem Portals
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Recent Posts
Tue Mar 14 2023
EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?
Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlinkâs Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, [âŠ]
Wed Mar 08 2023
How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?
Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide. StartupBlinkâs GSEI is based on an elaborate algorithm [âŠ]
Tue Feb 28 2023
The Top 30 Countries by Absolute Power in 2022
What is Absolute Power? Generally, StartupBlinkâs GSEI scoring algorithm calibrates the countriesâ total score to their population size to check the startup outputs of countries per capita.  The âAbsolute Powerâ algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population [âŠ]