P/F iNOVA, a private company tasked with administrating the research park, was founded in 2011 by representatives from the largest industries on the islands.

A comprehensive list of founding companies is shown below.

Founding companies

• P/F Fiskaaling
• Felagið Nótaskip
• P/F Bakkafrost
• P/F Havsbrún
• TF Holding
• Framtak
• P/F Luna
• P/F Marine Harvest Faroes
• Sp/f Tavan
• MBM