The Icelandic Centre for Research (Rannis) has funded 61 new research projects for grant year 2019 from a total pool of 359 applications. Funded projects include those from industry, as well as the University of Iceland, Reykjavik University and the National University Hospital. In addition, postdoctoral and doctoral grants were awarded to 27 students across varying fields of medicine, life sciences and biotech.
This funding mechanism has provided dozens of entities, research institutions, and companies with funding for their novel and innovative research. The Research Fund is an open fund that provides grants according to the general emphasis of the Science and Technology Policy Council and on the basis of professional evaluation of the quality of research projects.
Rannis administers the main public competitive funds in the fields of research, innovation, education and culture in Iceland. Rannis coordinates and promotes Icelandic participation in European cooperation programs, such as Horizon 2020, Erasmus+ and Creative Europe, as well as other international programs.
Parties interested in learning more about the Icelandic biotech and life science sector should contact Invest in Iceland for further information. For a full list of funded projects, please visit the Rannís website (in Icelandic). Information on the Icelandic Research Fund can be found in English on the Rannis website, as well.
Life science companies, such as medical device companies, incorporated in Iceland benefit from low corporate tax and encouraging financial incentives for the clinical trial R&D and commercial applications.
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