Science and technology in Iceland
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Science and technology in Iceland is well developed with the presence of several universities and research institutes.
According to the Global Innovation Index, Iceland was the 22th most innovative country in the world in 2024{{cite book|url=https://www.wipo.int/web-publications/global-innovation-index-2024/en/|title=Global Innovation Index 2024. Unlocking the Promise of Social Entrepreneurship|access-date=2024-10-22|author=World Intellectual Property Organization|year=2024|isbn=978-92-805-3681-2|doi= 10.34667/tind.50062|website=www.wipo.int|location=Geneva|page=18}}
Government policy
Science and technology in Iceland are regulated by the Science and Technology Policy Council, which is chaired by the Prime Minister.{{cite web|url=https://www.stjornarradid.is/verkefni/visindi-nyskopun-og-rannsoknir/visinda-og-taeknirad/|title=Vísinda- og tækniráð|publisher=Government of Iceland|access-date=2022-03-30|lang=is}} In 2021, the government spent 28{{nbsp}}billion ISK on research, a 130% increase over spending in 2017.{{cite news|url=https://kjarninn.is/skodun/fjarfesting-i-rannsoknum-er-fjarfesting-i-framtidinni/|date=2021-09-13|access-date=2022-03-30|title=Fjárfesting í rannsóknum er fjárfesting í framtíðinni|work=Kjarninn|author=Ingleif Jónsdóttir|lang=is}}