Technology Development Fund
Rannís (Iceland)
€30 000 – €500 000
Typisk 50 %
grant
Island
Two calls per year
Iceland's main innovation fund supporting R&D projects in startups and SMEs.
From idea to completed grant — five steps
- Describe the idea. Company name and a few sentences about the project — registration number and sector are fetched from the registry.
- Check your chances. Granteon assesses the project against the criteria in Technology Development Fund and tells you honestly whether it can be won — before you write.
- Write the application. The AI writes from your own facts, scores the draft like an award committee, and delivers it field by field within the portal's character limits.
- Complete the financing. Your own contribution is calculated. You can obtain a signed conditional commitment from an investor, and find consortium partners when the call requires them.
- Deliver and report. Reporting plan, draft reports and budget tracking after the award — until the final report is filed.
Start free with Technology Development Fund →
Granteon is free — including complete applications. You submit it yourself, and the application is yours.
Questions and answers about Technology Development Fund
Who can apply for Technology Development Fund?
The scheme is open to applicants in Island. Granteon checks the remaining requirements against your organisation free of charge.
How much can you get from Technology Development Fund?
€30 000 – €500 000. Funding rate: Typisk 50 %.
When is the application deadline?
Two calls per year. Follow the scheme in Granteon and we email you when a new call opens.
What does Granteon cost?
Nothing. Granteon is free while we build the user base — including complete AI applications. Finding schemes requires no account.
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