DeluxeBannersStartup Iceland is coming monday June 2nd. We will have over 250 people who will participate in the Conference. I want to make an offer to all the startups who are participating (and if you are not you should we still have some tickets left, contact me), if you have a pull out banner and want to display it in the coffee meetup area, email me your request. We want all startups in Iceland to take the opportunity to showcase what you are doing. It is impromptu offer, just like your elevator pitch, you never know who you are going to meet but having the pitch ready is valuable. You never know where it leads.

I attended Startup Energy Reykjavik Investor Day yesterday, I was about an hour late as in the hurry burry of organizing everything with Startup Iceland I had totally forgotten about the Investor day. Thank you Einar Gunnar for reminding me. Anyways, I participated, I had met most of the teams as I was a volunteer mentor in the program. I am going to do what we have been lacking in Iceland. I am going to work with one of the teams and invest in the team. We have been deliberating and analyzing every team that comes out of these accelerators, I think that is the wrong way to look at this effort. I think we need to start investing in these teams and take bets and make them win. There is no other way. So, I am putting my money where my mouth is.

Einar Gunnar who has been leading the effort in Iceland as it relates to Accelerators and building a startup community, gave a very good talk and showed the video Brad Feld had made about his book Startup Communities – Building Sustainable Startup Communities in your city. I think it was a great way to close the investor day. We are in such an early stage in Iceland that it is difficult to pick winners. I think Iceland as a Startup location works. I have seen it work and I have CLARA, GreenQloud, Meniga, DataMarket, Mobilitus, Plain Vanilla Games, Guide To Iceland, Modio, and many other startups that I meet everyday to validate that great ideas and companies can be created and developed right here in Iceland. What we need to do is Do More Faster, tinker and learn for the process.

What was also very interesting to me was the data on the number of applications that Startup Reykjavik and Startup Energy Reykjavik received. It continues to grow every year.

These are the teams that presented in Startup Energy Reykjavik:

  • he HTPM Gerosion CenterHTPM GEROSION Center will provide consultation, material testing & specialized R&D work for entities in the geothermal/petroleum industries.
  • BMJ EnergyWe offer total solutions for hydro with focus on micro scale. Designed and built from scratch by BMJ both generator sets and controll units.
  • Sodium Chorate Plant
    Small scale Sodium Chlorate production for export and more efficient use of energy.
  • Landsvarmi
    Organization that finances, sets up and operates heat pumps for central heating of houses.
  • BigEddie
    A novel approach to wind resource assessment using a combination of observations, Large Eddie Simulations (LES) and CFD modeling techniques.
  • PEA Aluminum
    Portable Element Analyzer for real-time data in potrooms.
  • GeoDrone
    GeoDrone is providing services for the geothermal industry. We combine modern technology in UAV with advanced remote sensing (e.g. LIDAR).


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