Iceland Skogafoss and other cities: Looking for Indian Techies and Entrepreneurs: The tiny Nordic island nation of Iceland, which is renowned for its magnificent scenery and natural wonders, is now focusing on a different type of beauty: the beauty of invention. Iceland has been a hotbed for tech companies in recent years, with a developing environment that has drawn some of the best brains in the business. In order to expand its skills and experience and advance its technological industry, many cities in Iceland such as Reykjavik, Kópavogur, Hafnarfjörður, Selfoss and cities near Skogafoss, Gullfoss, Hvammsvik, Landmannalaugar is now looking up to Indian talent.
With merely a population of little over 360,000 😲, Iceland has traditionally had trouble finding qualified workers, particularly in professions that need a high level of technical expertise. Yet, the nation has made a concentrated effort over the past ten years to invest in its technology industry and promote an atmosphere that is favourable to innovation and entrepreneurship. Nowadays, Iceland has a strong startup environment with a number of successful businesses in industries including biotech, renewable energy, and software development.
To support its further expansion, Iceland still needs more qualified workers. It’s hardly surprising that Iceland has looked to India in quest of new talent given India’s position as a global technological powerhouse. Iceland is seeking to draw talent from India’s large pool of highly trained workers in sectors like software engineering, data science, and artificial intelligence, among others, in order to advance its technological industry.
Apart from Iceland looking for Indian techies and entrepreneurs this article will examine Iceland’s technology sector, the possibilities available to anyone seeking to settle in this developing and innovative country, as well as its attempts to court Indian entrepreneurs and techies.
Iceland looking for Indian Techies and Entrepreneurs
Martin Eyjolfsson, the permanent secretary of state for foreign affairs at Iceland’s ministry of foreign affairs, claims that his country ranks very highly in terms of per capita income, security, education, and quality of life, and that it places a lot of emphasis on gender equality, democracy, and human rights.
Although tourism, information technology, and high-tech are some of the fastest expanding industries in the nation, he claims that fishing and electricity generating are the two greatest industries.
Iceland needs engineers and technology people, hence India and Iceland have significant synergies, according to Eyjolfsson. Also, we have a booming gaming industry that needs top-notch expertise. We need highly educated entrepreneurs, and India is rife with them. He claims that India has open-minded IT talent as well as top-notch education from both within the country and beyond the globe.
The nation takes pride in using renewable energy, notably geothermal energy (heat energy from the earth), to run every sector of the economy. This has helped Iceland become a well-liked location for data centers, along with the nation’s chilly climate and very reliable grid.
Iceland is a global leader in geothermal energy, and that business has made the nation wealthy, according to Vijay Chauhan, chief research officer of GEG Power and a professor at the University of Reykjavik. IIT Mandi in Himachal Pradesh, awarded Vijay a master’s degree in mechanical engineering, while Iceland awarded him a doctorate in geothermal energy. He finds it amazing that the nation relies on geothermal energy for its inventions in fields as diverse as manufacturing, tourism, data centre operations, medical, and the beauty industry.
He thinks that credentials from prestigious Indian universities can help techies who wish to work in Iceland. The other option is to pursue a degree at a university or at an Icelandic college.
Startup Iceland’s founder, Bala Kamallakharan, claims that in societies with tiny populations, such as Iceland, automation is taken seriously. The tech scene is very vibrant. The year 2022, in his opinion, will see the most startup funding.
Bala is a graduate of Louisiana State University’s information systems programme and of BITS Pilani. In addition to being married to an Icelander, he arrived in Iceland in 2006 and founded Startup Iceland in 2009–2010. He asserts that Iceland combines European and American principles, which suggests that in order to live a respectable life, one must work hard and generate things. He likens the nation to a large city where everyone is acquainted with one another and where meeting CEOs and even the president of the nation is easy. Ideas have worth. He asserts that the president of Iceland would enquire whether you require any aid in implementing the plan if it is beneficial to society.
He urges computer professionals who are interested in moving to Iceland to examine the nation’s businesses, look for firms that have just raised money, and get in touch with them. He asserts that Iceland is among the most progressive nations in terms of the creation and use of AI across a variety of fields.
Digital & multicultural
Karnataka native Mohith Kotian moved to Iceland in 2020 to work as a software specialist at Islandsbanki (Bank of Iceland). He asserts that everything in Iceland is digital, including documents and payments, and that he seldom ever has to carry his purse. He asserts that job openings exist in the fields of product testing, automation, and programming, and advises techies to look for them on LinkedIn. He asserts that in the first five years, specialists in technology pay less in taxes than citizens.
Iceland is becoming increasingly diverse. Bala asserts that workers come from all over the world, primarily from Europe. Vijay claims that Reykjavik University has a strong rock music and rock culture scene and draws students from all over the world.
Reykjavik’s downtown is said to as “vibrant” by Mohith since there are many places to eat and buy. He explains, “I left Bengaluru with my fiancee because of the love and respect of the people.
The technical sector in Iceland, efforts to bring in Indian entrepreneurs and technicians, and opportunities for anyone who want to move to this innovative and vibrant nation.
Iceland’s technology sector has expanded dramatically over the past ten years, with a number of prosperous startups and innovative businesses emerging in sectors including gaming, software development, and renewable energy. The nation has also invested heavily in R&D, particularly in the fields of biotechnology, artificial intelligence, and renewable energy.
Notwithstanding this growth, Iceland continues to have human resource problems, particularly in highly specialised technology professions. Iceland has been actively seeking brilliant professionals from all around the world, particularly India, to help tackle this problem.
One of Iceland’s main recruitment strategies for Indian techies and entrepreneurs is the Startup Iceland initiative. To promote innovation and entrepreneurship in the nation, this effort links companies with mentors, investors, and other resources. Under this plan, Iceland hopes to create an environment that will help businesses flourish and grow.
Indian talent is another target for Iceland’s immigration programme. The government offers a range of visas and permits for those who want to live and work in Iceland, including visas for gifted professionals in fields like technology and engineering. This makes it easy for entrepreneurs and technicians from India to move to Iceland and support the nation’s developing technology sector.
Those who want to move to Iceland have a number of exciting options. The country’s technology sector is constantly growing, with new startups and innovative businesses springing up often. Moreover, there are several support networks and resources available to help startups and business owners succeed, including financing access, accelerators, and mentorship programmes.