Olavur ***** has been an entrepreneur since 1988 and is the founder of ***** Ltd. (Scandinavia) which provides management consultant services within business development, project management and socio-economic impact analysis. He has more than 20 years of experience as international management consultant as well as non-executive Director in several innovative companies and projects. Olavur has initiated and/or participated in 12 European FP6/FP7 proposals, of which 6 have been approved for funding. Furthermore Olavur has extensive experience in raising investor capital and other funding for innovative small and medium sized companies. In addition to innovation processes, Olavur specializes in marketing – especially market penetration of innovative products and services.