Iceland’s Innovation Award is awarded by Rannís, Business Iceland, the New Business Venture Fund, and Hugverkastofan to companies that are considered to have excelled in developing a new product or service based on research and scientific work and have achieved success on the market. The award was first awarded in 1994, and its purpose is to draw attention to the important relationship between research and knowledge acquisition and increased value creation in the business sector.
When selecting a recipient, factors include whether the company is a start-up based on innovative technology and has high benchmarks for knowledge. An assessment is then made of the added value of products and whether the company has been successful in the market. Companies are evaluated on how they will stay on course and whether the management is exemplary. Finally, it is evaluated whether the company is a role-model for others to follow the same path.
Recipients
2022 Sidekick Health
2021 Lauf Forks
2020 Controlant
2019 Curio
2018 Kerecis
2017 Skaginn
2016 Dohop
2015 Zymetech
2014 Meniga
2013 Valka
2012 Primex
2011 Mentor
2010 Nox Medical
2009 Mentis Cura
2008 ORF líftækni
2007 Hafmynd ehf.
2006 Stjörnu-Oddi
2005 CCP
2004 Lyfjaþróun
2003 Altech JHM
2002 Stofnfiskur
2001 Fiskeldi Eyjafjarðar
2000 Bláa lónið
1999 Flaga
1998 Íslensk erfðagreining
1997 Hugvit
1994 Vaki fiskeldiskerfi