SI- The Federation of Icelandic Industries

What SI- The Federation of Icelandic Industries does

SI - The Federation of Icelandic Industries (Icelandic: Samtök iðnaðarins) is Iceland's largest and most influential employers' federation, representing approximately 1,400 member companies and employer organizations across diverse industrial sectors including manufacturing, construction, food production, metals, technology, and services. The organization operates as the largest member body within the Confederation of Icelandic Employers (SA), holding 28 of 100 council seats, and is structured around nine occupational work groups and over twenty member organizations that span both horizontal and sector-specific representation. SI's members collectively account for 22% of Iceland's workforce, 23% of GDP, 44% of export earnings, 31% of total company turnover, and 33% of economic growth contribution. The organization is led by Chairman Þorsteinn Víglundsson, Executive Director Orri Hauksson, and Chief Economist Ingólfur Bender, with leadership positions elected annually. Governance rotates regularly through board elections such as the re-election of Málmur's board in June 2026.

SI does not sell a software product or a unified technology platform; instead, it delivers a portfolio of services and convening functions to its members. Core offerings include annual flagship conferences (Iðnþing), recurring sector- and topic-specific conferences (Tækni- og hugverkaþing, Framleiðsluþing, Útboðsþing), research publications (Innviðir á Íslandi 2025, the Starfsumhverfi working environment report with 26 improvement proposals, and the annual report), the Vaxtarsprotinn growth initiative, the Íslenskt Icelandic quality brand, compliance services (CE Marking of construction products), development and prize funds (Framfarasjóður SI, Verðlaunasjóður iðnaðarins), and the Vinnustaðanámssjóður workplace training fund. Distribution channels consist of direct membership engagement, national policy engagement via SA, conferences and exhibitions, social media (Facebook, Instagram, LinkedIn, Vimeo), publications, and newsletters. Revenue is generated from membership fees and ancillary event/fund activities, but specific financial figures are not publicly disclosed; the organization is not venture-backed, not publicly traded, and has no parent company.

Name

SI- The Federation of Icelandic Industries

Legal name

Samtök iðnaðarins

Website

https://si.is

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

SI - The Federation of Icelandic Industries is Iceland's largest employers' federation, representing approximately 1,400 member companies across industrial sectors. It provides policy advocacy, conferences, research reports, training funds, growth initiatives, and compliance services to support Icelandic industry's competitiveness.

Ownership category

akta.pro rank

Product category

Industry Association / Employer Federation Services

NAICS

Management of Companies and Enterprises (55111)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

International Standards, Norms & Technical Regulatory Bodies (BPADAAAJ)

akta.pro secondary industry

Labor, Social Protection & Occupational Safety Standards Cooperation (BPADANAM)

Keywords

• Industry association services
• Employer federation advocacy
• Labor market representation
• Industrial policy advisory
• Workplace training funds

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels2 records

Marketing channels5 records

Core offering

SI - The Federation of Icelandic Industries (Samtök iðnaðarins) is Iceland's largest and most influential employers' federation, representing approximately 1,400 member companies across manufacturing, construction, food production, metals, technology, and services. It delivers advocacy, policy engagement, conferences, research publications, compliance services, training funds, and quality branding programs to industrial companies and employer organizations operating in Iceland.

Product overview

SI - The Federation of Icelandic Industries (Samtök iðnaðarins) is a federation of employers' organizations representing approximately 1,400 member companies across diverse industrial sectors in Iceland. As the largest member organization within the Confederation of Icelandic Employers (SA), SI does not offer a unified software product but rather provides a portfolio of services including annual conferences (Iðnþing, Tækni- og hugverkaþing, Framleiðsluþing, Útboðsþing), research publications (Innviðir á Íslandi, Starfsumhverfi reports), the Vaxtarsprotinn growth initiative, quality branding programs (Íslenskt), and various compliance services such as CE marking support. The organization also manages development and prize funds and provides analysis, legal advice, and labor market services to its members.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Confederation of Icelandic Employers (SA)coreStrategic or Co-development PartnerSI is the largest and most influential member organization within the Confederation of Icelandic Employers (SA). The organization leads the reorganization of the employers' organization, rationalizing business and increasing collaboration between employers while clarifying the role of each member. SI has 28 representatives in SA's 100-seat council.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• MEDEF: France's leading employers' federation. Comparable in advocacy mandate and broad sectoral representation, though operating at a much larger scale and broader scope than SI.
• Federation of Korean Industries (FKI): South Korea's largest employers' federation representing major industrial and chaebol companies. Comparable in representing industrial employer interests and policy advocacy, though with a different corporate composition.
• Confederation of Icelandic Employers (SA): The umbrella confederation of which SI is the largest member organization. SI holds 28 of 100 council seats, making SA the most direct organizational counterpart operating at the national employers' federation level.
• Confederation of British Industry (CBI): UK's primary business lobby representing employers across sectors. Comparable in offering advocacy, events, research, and member services, providing a benchmark for SI's service diversification trajectory.

Regional players

• BusinessNZ: New Zealand's largest business advocacy body representing employers and industry. Comparable in small-economy context with similar advocacy, training, and policy roles.

Direct peers

• Confindustria: Italy's main employers' federation representing manufacturing and industrial companies. Direct functional analog to SI with sector-based work groups and regional chapter structure.
• BDI (Bundesverband der Deutschen Industrie): Germany's leading industry federation representing industrial employers. Comparable in mandate (advocacy, policy, services) but operating at vastly larger scale, providing a benchmark for SI's service and governance model.
• Norsk Industri: Norwegian Federation of Industries, representing manufacturing employers in a small Nordic economy. Closest geographic and economic analog to SI, with similar sector mix (metals, construction, food, manufacturing).
• Confederation of Finnish Industries (EK): Finland's central employers' federation representing industrial and service-sector companies. Closest Nordic structural analog with member associations, advocacy, and training functions.
• Teknikföretagen: Swedish Association of Engineering Industries representing industrial employers. Comparable Nordic industry federation with similar service portfolio (advocacy, training, networking, standards).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubevimeo.com/user18192856
• Facebookfacebook.com/samtokidnadarins
• LinkedInlinkedin.com/company/federation-of-icelandic-startup-companys
• Instagraminstagram.com/samtokidnadarins

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about SI- The Federation of Icelandic Industries