Reykjavík Technical College

What Reykjavík Technical College does

Reykjavík Technical College (Tækniskólinn) is Iceland's largest vocational education institution, operating eight constituent schools plus the Endurmenntunarskólinn continuing-education academy and serving approximately 3,000 students through 50 study programmes and roughly 800 courses per semester. The institution is privately operated (einkarekinn skóli) under a service agreement (sjóðssamningur) with Iceland's Ministry of Education, and is jointly owned by four industry stakeholder bodies — SFS (seafood), SI (industry confederation), Samorka (energy/utilities), and IMFR (craftsmen union) — embedding direct labor-market signaling into curriculum and governance. Campuses are located in Reykjavík, Hafnarfjörður, and Keldnaholt, with distance-learning delivered through the Menntavegurinn channel.

The school's technology stack is a conventional educational-SaaS portfolio: Canvas LMS for course delivery, Microsoft Office 365 for productivity, Autodesk and Adobe Creative Cloud for technical/creative instruction, the GitHub Student Developer Pack for software training, and a proprietary Inna student information system for administration. Curriculum is structured around secondary-level vocational diplomas with notable sub-branded academies for higher-fee segments, including the Reykjavik Academy of Digital Entertainment (RAWD) launched in 2023 and the Reykjavik Academy of Web Development launched in 2024. Certifications held include ISO 9001 quality management, Equal Pay, Health-Promoting School designation, and the VET Mobility Charter administered through RANNÍS, which provides access to Erasmus+ EU mobility funding.

Revenue is generated through a tiered tuition model — 30,000 ISK per semester for most programmes versus 300,000 ISK per semester for premium programmes such as Sound Tech — supplemented by continuing-education fees, distance-learning tuition, and government service-agreement payments that constitute the primary funding stream. International mobility and exchange revenue flows through Erasmus+ partnerships. The institution places students into apprenticeship and employment roles across Icelandic industry, with named placement destinations including Eimskip, Rafvolt, and Breiðafjarðarferjan Baldur. The overall business model is a hybrid of regulated public-sector education funding and tuition-based private vocational training, anchored by industry-aligned ownership that directly shapes curriculum and labor-market outcomes.

Name

Reykjavík Technical College

Legal name

Tækniskólinn

Website

https://tskoli.is

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Reykjavík Technical College (Tækniskólinn) is Iceland's largest vocational school, operating 8 schools and a continuing-education academy across Reykjavík, Hafnarfjörður, and Keldnaholt, serving ~3,000 students through 50 programmes in technical, industrial, craft, and digital disciplines under a Ministry of Education service agreement.

Ownership category

akta.pro rank

Product category

Vocational Education

NAICS

Technical and Trade Schools (61151), Other Technical and Trade Schools (611519), Apprenticeship Training (611513)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Technical Community Colleges (Applied/CTE-Focused) (EDAHADAD)

akta.pro secondary industry

Technical Universities with Strong Industry Partnerships (EDAHAEAG)

Keywords

• Vocational education
• Technical training
• Upper secondary school
• Continuing education
• Apprenticeship programs

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Day School Tuition: Semester-based tuition fees for full-time vocational and academic programs at the upper secondary level
2. Distance Learning (Dreifnám): Per-unit pricing for distributed education programs allowing study while working
3. Continuing Education (Endurmenntunarskólinn): Registration fees and course fees for professional development and adult education courses
4. Administrative Services: Fees for certificates, transcripts, degree verification, document shipping, and prior learning assessment

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Reykjavík Technical College is Iceland's largest vocational education institution, delivering upper secondary vocational and academic programs across 8 schools and a Technical Academy, with approximately 50 study programmes and 800 courses per semester. Offerings include trade certification pathways in building and construction, design and handicraft, electrical technology, navigation, marine engineering, and information technology, alongside higher-education-style programs in web development, digital entertainment, audio technology, and master craftsmanship, plus continuing education and distance learning (Dreifnám) for working students.

Product overview

Reykjavík Technical College (Tækniskólinn) operates as a vocational and technical education institution with a multi-school structure. The college consists of 8 schools plus the Technical Academy, offering approximately 50 study programmes and 800 courses each semester. The schools include Building & Construction Trades, Design and Handicraft, Electrical Technology, Navigation, General Academic Studies, Information Technology, Marine Engineering, and the Technical Academy which houses higher education programs in web development and digital entertainment. The institution provides vocational training leading to trade certifications, as well as matriculation examination pathways. Student administration is managed through the Inna student information system and Canvas LMS for learning management.

Differentiator

Problem solved

Functional benefit

Brands

• RAWD - Reykjavik Academy of Digital Entertainment: Academy offering digital entertainment education
• Reykjavík Academy of Web Development
• School of Master Craftsmanship

Products and services

• School of Building & Construction Trades (Byggingatækniskólinn) Vocational training programs in building and construction trades including carpentry, masonry, painting, plumbing, and technical drawing, leading to trade certification for secondary-level students.
• School of Design and Handicraft (Hönnunar- og handverksskólinn) Programs in fashion technology, gold and silver smithing, hair styling, design and innovation, and dressmaking, targeting students pursuing creative trade qualifications.
• School of Electrical Technology (Raftækniskólinn) Vocational training in electrical trades including electronics assembly, electrical installation, and power distribution, preparing students for journeyman certification.
• School of Navigation (Skipstjórnarskólinn) Maritime navigation training at various certification levels (A, B, C, D) leading to professional deck officer certifications for maritime careers.
• School of General Academic Studies and Design (Tæknimenntaskólinn) General academic programs including Icelandic as a Second Language, K2 technical and science track, and vocational career paths leading to matriculation examination.
• School of Information Technology (Upplýsingatækniskólinn) IT programs covering graphic communication, photography, computer studies, and computer studies with design focus.
• School of Marine Engineering (Véltækniskólinn) Marine and mechanical engineering programs including aircraft maintenance, earthmoving, metal fabrication, and engine operation at various certification levels (A, B, C, D).
• Technical Academy (Tækniakademían) Higher education programs including audio technology, master craftsmanship, digital design, and web development, serving students pursuing advanced technical qualifications.
• School of Continuing Education (Endurmenntunarskólinn) Continuing education and professional development courses across various trades and technical fields, offered on a per-course registration basis with a 12,000 ISK registration fee.
• Reykjavik Academy of Digital Entertainment (RAWD) University-level program in digital entertainment and gaming development, delivered under the Technical Academy.
• Reykjavik Academy of Web Development University-level program in web development and programming, delivered under the Technical Academy.
• Workplace-Based Apprenticeship (Vinnustaðanám) Apprenticeship placement service that coordinates training agreements between students and employers, combining workplace learning with school-based vocational education.
• Distance Learning Programs (Dreifnám) Flexible per-unit distributed education programs across electrical, building, navigation, and engineering trades, allowing working adults to complete vocational qualifications.
• Inna Student Information System School management system used for course selection, attendance tracking, grade management, scheduling, appointment booking for counseling and health services, sick leave registration, and communication between students and staff.

Quantifiable outcome

• Graduates receive trade certification recognized for employment and professional licensing
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• RANNÍS - Icelandic Centre for ResearchcoreStrategic or Co-development PartnerNational Erasmus+ agency that recognizes Tækniskólinn's VET Mobility Charter and provides funding for international student and teacher exchanges.
• European Union Erasmus+ ProgrammecoreStrategic or Co-development PartnerEU education program supporting international mobility. Tækniskólinn actively participates, sending students and teachers abroad for 2-24 weeks of study or vocational training.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Borgarholtsskóli: Icelandic upper-secondary school in Reykjavík offering vocational and academic tracks. Comparable as a domestic secondary school peer competing for the same 10th-grade graduating cohort, with overlapping vocational program offerings and shared enrollment channel through the national Directorate of Education.
• Verkmenntaskólinn á Akureyri (VMA): Iceland's second-largest vocational upper-secondary school offering trades, technical, and vocational programs. Directly comparable as a domestic peer offering similar apprenticeship-linked vocational training across trades, with overlapping program categories in construction, electrical, and mechanical fields.
• Fjölbrautaskólinn í Breiðholti (FB): Large Reykjavík-based upper-secondary school combining vocational and academic programs. Directly comparable as a domestic competitor in the same enrollment market, with similar blended vocational-matriculation offerings and direct overlap in trades training.
• Metropolia University of Applied Sciences: Finland's largest university of applied sciences offering vocational, professional, and applied degree programs across technology, health, and business. Comparable in scale (~16,000 students, though larger) and program breadth, particularly in engineering trades, IT, and industry-aligned applied education.
• TAMK - Tampere University of Applied Sciences: Finnish university of applied sciences with strong vocational and professional higher-education programs. Comparable as a Nordic peer in technical/applied education with industry partnerships, similar apprenticeship integration, and comparable program structure combining trades and applied degree pathways.

Regional players

• Odisee University of Applied Sciences: Belgian university of applied sciences offering industry-aligned technical and vocational programs across multiple campuses. Comparable as a European peer in applied/technical education with similar multi-school structure and industry-stakeholder governance models.
• NTI - Nordiska Tekniska Institutet: Swedish vocational and technical education provider with secondary and post-secondary programs. Comparable as a regional Nordic peer offering similar vocational/adult-education programs with industry-aligned curriculum, though operating under Swedish educational funding frameworks.
• Tækniskóli (similar vocational model in Sweden): Nordic vocational/trade school concept with comparable apprenticeship-linked training. Relevant as a regional Nordic peer illustrating how similar models operate under different educational systems, though operates in a different country with distinct funding and regulatory regimes.

Broad incumbents

• Menntaskólinn í Reykjavík (MR): Iceland's oldest and one of the largest upper-secondary schools, primarily academic-focused. Comparable as a broader Icelandic secondary-school incumbent competing for the same 10th-grade cohort and offering some technical/science tracks that overlap with Tækniskólinn's academic pathways.
• KTH Royal Institute of Technology: Sweden's leading technical university. Comparable as a broader Nordic technical-education incumbent, though at a significantly higher educational tier. Relevant for understanding the upstream university pathway that Tækniskólinn's Technical Academy graduates may feed into.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCLrx6x7q4FEoIRAcQZ6UpFA/videos
• Facebookfacebook.com/tskoli.is
• Instagraminstagram.com/tskoli.is
• LinkedInlinkedin.com/company/taekniskolinn

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reykjavík Technical College