Reykjavik, Iceland
Presented ByHubSpot
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Reykjavik, Iceland - Startup Scene

Reykjavik iceland may be a small city but it packs a punch when it comes to the startup scene with a population of just over 120000 the city has a surprisingly high number of entrepreneurs and tech innovators the citys geography with its stunning natural beauty and proximity to the arctic circle has undoubtedly inspired many of these entrepreneurs iceland has a long history of entrepreneurship dating back to the viking era in recent years the country has become known for its innovative tech startups particularly in the fields of renewable energy and biotech companies like ccp games which created the massively popular game eve online and greenqloud a cloud computing company have put reykjavik on the map as a hub for tech innovation the city is also home to several universities including the university of iceland and reykjavik university which have helped to foster a culture of innovation and entrepreneurship the living wage in reykjavik is around 300000 isk per month approximately 2400 usd and the unemployment rate is currently around 4 despite its small size reykjavik has a surprisingly high gdp thanks in part to its thriving tourism industry the city is also home to a number of successful startups including meniga a fintech company and controlant which provides realtime monitoring solutions for the food industry overall the startup scene in reykjavik is thriving thanks to a combination of factors including a supportive government a culture of innovation and a highly educated workforce while the city may face challenges in terms of its small size and remote location its entrepreneurs have proven time and again that they are up to the task of building successful companies in this unique and inspiring location

PrizesHuge thanks toHubSpot for sponsoring this Award!

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