1. 1 Professor Thorsteinn I. Sigfusson, Director General

2. 2 Innovation Center Iceland Innovation Center Iceland started in 2007 and operates under the Ministry of Industry and receives revenue from both the public and private sectors. Turnover: 10 MUSD Employees: 90

3. 3 Mission The mission of the Center: To strengthen the competitive position of Icelandic business and increase the quality of life. To diffuse knowledge and give support to entrepreneurs, growth companies and innovative enterprises. To excel in technology research, product development, analysis and testing.

4. 4 Core Values The logo symbolises the core values of the Innovation Center Iceland, which are the following: –Growth –Implementing seed activities –Partnership and cooperation –Creativity and invention –Technology and knowledge..

5. Technology Research and Consulting A leading R&D and business support institute in Iceland Focus on R&D, technology transfer, education, support for entrepreneurs and SMEs and consulting in order to increase innovation, productivity and competitiveness 5

6. Vestmannaeyjar 2008 Hornafjörður 2008 Reykjavík Akureyri 2002 Ísafjörður 2007 Currently 3 Fab Labs Húsavík 2009 Sauðárkrókur 2009 Egilsstaðir 2009 Director: Þorsteinn I. Sigfusson, Professor and holder of the Global Energy International Prize 2007 Innovation Center Iceland 8 locations

7. Entrepreneurs and SME services Center of information and guidance for entrepreneurs and SMEs More than 8000 free support interviews 2010 –Telephone calls and email excluded –Support programs and grants Workshops and courses for the general public and SMEs 7

8. Entrepreneurs and SME services Policy advice on support for innovation and improved operating conditions for SMEs Extensive internet information services Publications on management, marketing, and more The host for Enterprise Europe Network –Boost growth and jobs through small businesses –Bring together companies –Powerful databases and knowledge sharing 8

9. ICI Incubator Centers Support and facilities for start-up companies working on innovative business ideas Ten years experience at the original center in the Reykjavik headquarters Increased focus on incubator centers In just one year, 6 new centers were opened Innovation Center Iceland now operates 9 incubators in co-operation with others 9

10. ICI Incubator Centers Inexpensive housing (ca. 100 USD per desk per month) Access to printers and internet Practical and professional advice Networking Important support and encouragement –Psychological –Motivational –From employees and other entrepreneurs

11. Support for Success Around 250 new “jobs” in the new centers since October 2008 –Boost for new companies –Available access to specialized workforce Around 100 businesses are now operating in the 9 centers with approximately 300 employees

12. Iceland Fab Lab A global network of Fab Labs A small workshop with computer controlled tools with the aim to make „almost everything“ Open all working days for general public, sudents, entrepreneurs and small companies Operates in three different places: –VestmannaeyjarVestmannaeyjar –Akranes –Sauðárkrókur

13. FabLab Iceland is an important contribution to innovation The Vestmannaeyjar facility led by Frosti Gislason is the hub. 7% of the Vestmannaeyjar population is visiting FabLab every month ! To have access to The Fab Academy in a remote area like Vestmannaeyjar – with very limited higher education provided locally – is crucial for future development!

15. New emerging companies like Remake Electric are using FabLab technological approach

16. Multimedia companies like Sigva and SmartMedia use FabLab to make the Folk Museum more interactive!

17. A new creative artist in Iceland VERA is using FabLab approach to automate her unique production of garments from silicone! VERA Thordardottir Prize winner at: Instituto Marangoni, London

18. The new silcone fashion is taking the world by surprise

20. Lady GaGa fell for VERA´s fashion!

21. Conclusion: FabLab is helping to advance technological awareness... Seeds have been sawn, knowledge of digital fabrication technologies is gradually increasing,, We know it will lead to increased competitiveness of our nation! We are witnessing a new kind of eruption – named FABLAB!

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