The Startup Ecosystem of Iceland

Iceland boasts 1 city in the top 1000 and is the leading startup hub in Western Europe.

COUNTRY RANKING

Iceland’s startup scene saw an increase in 2022 and jumped 14 spots from the previous year, outranking Malaysia.

Population

0.4
Million

Regional Ranking

17th
+
1
In Western Europe

Global Ranking

41st
+
14
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of Iceland

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Ecosystem

The Startup Ecosystem in Iceland

In 2022, Iceland register a rise in Foodtech startups. Some of the most notable success stories in this industry are those of , Guide to Iceland.

Global Rank

Iceland is ranked within the top 50 startup ecosystems globally.

Top Industries

Iceland’s startup scene is best represented in Foodtech, Energy & Environment, and in and Health.

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:
2022 National Rank & Change ▲
2022 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
209th
+
12
3.871
0.64
0.50
2.72
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Startups

Notable Startups in Iceland
Guide to Iceland startup icon
Guide to Iceland
Alvotech startup icon
Alvotech
Sidekick Health startup icon
Sidekick Health

Startups

Successful Foodtech startups in Iceland
Good Good startup icon
Good Good
Iceland Dairies startup icon
Iceland Dairies
Islensk Hollusta ehf startup icon
Islensk Hollusta ehf

Startups

Startups Ranking by Industry

Foodtech icon
Foodtech
#16 worldwide

On our map, you can explore a total of 45 for Foodtech.

Energy & Environment icon
Energy & Environment
#17 worldwide

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.

Health icon
Health
#20 worldwide

Iceland's Health is ranked 20th in the world. Our database contains 18 for this industry.

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Recent Posts

Tue Mar 14 2023

EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?

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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.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita.   The “Absolute Power” 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 […]