Reimbursement for costs of research or development projects

All companies that own research or development projects for which they bear the financial risk themselves.

Universities and institutions are not considered companies within the meaning of the law. Companies in financial difficulty and companies against which the Icelandic state has an outstanding recovery claim due to unlawful state aid also fall outside the scope of Act No. 152/2009 on Support for Innovation Companies.

Applications are submitted through the Rannís electronic application system - My Pages.

Confirmation must be applied for separately for each research or development project. The application must be accompanied by a detailed description of the project, along with a project and cost plan and a business plan for the project's product(s).

The following application documents must be submitted with applications:

• A self-assessment with confirmation from the company's auditor on the company's size classification, if it is a small or medium-sized enterprise that is part of a group, is under a parent company, or has one or more subsidiaries.

• A collaboration agreement if it is a collaborative project, along with information about all participants and the estimated share of each.

• It is also desirable, depending on the circumstances (e.g., complexity), to submit images to clarify the product the project is intended to deliver.

The fund's staff can provide further information and assistance on weekdays from 9:00 AM–3:00 PM by phone at 515 5800 and by email: skattfradrattur@rannis.is