frumkvæðifyrirtæki
A frumkvæðifyrirtæki, often translated as a startup company, is a relatively new business that is in the early stages of development and aims to grow rapidly. These companies are typically characterized by their innovative products or services, often leveraging new technologies or business models. The term "frumkvæði" in Icelandic refers to initiative or pioneering, highlighting the risk-taking and forward-thinking nature of these enterprises.
Frumkvæðifyrirtæki often seek external funding to support their growth, acquiring capital from angel investors, venture capitalists,
The environment for frumkvæðifyrirtæki can be influenced by government policies, access to skilled labor, and the