Vélfag is proud to announce that we have received a grant from the Technology Development Fund for a two-year project

Ólöf Ýr Lárusdóttir the CEO of Vélfag and Hólmfríður Sveinsdóttir the project manager. Photo: Þorgeir Baldursson

Vélfag has signed an agreement with the Technology Development Fund (Rannís) for funding the design and development of a new type of fish processing machine. The new machine will revolutionize fish processing as we know it and make it easier for fish processors to produce higher-value products.
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The Technology Development Fund is a competitive fund that issues its calls for proposals twice a year. The role of the fund is to support research and development activities, which aim towards innovation in the Icelandic industry. A total of 459 applications were received, and Vélfag was one of 73 projects that got funding. The grant categories were; Practical Research Projects, Seeds, Sprouts, Growth, and Market Strength. 
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We look forward to working on this project and entering a successful partnership with the fund.