Thirteen Icelandic Start-Ups Launch Operations Skip to content

Thirteen Icelandic Start-Ups Launch Operations

Thirteen seed companies have begun operating at Torgid, “The Square,” a new trade center opened by the Innovation Center Iceland last Monday in the facilities of Landsbanki Bank on Austurstraeti 16 in downtown Reykjavík.

At Torgid, young companies are offered office space and a framework to develop their innovative business ideas, Vidskiptabladid reports.

The initiative is organized by the Innovation Center in cooperation with Landsbanki and the Confederation of Icelandic Bank and Finance Employees (SSF).

When the Icelandic bank system collapsed in October, the Innovation Center began working on counter measures and Torgid is the first fruit of that effort.

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