[2][3] As of April 1 2022, the Ministry of Higher Education, Science and Innovation oversees its activities.

[4] RANNÍS cooperates closely with the Icelandic Science and Technology Policy Council and provides professional assistance in the preparation and implementation of the national science and technology policy.

RANNÍS coordinates and promotes Icelandic participation in European programmes such, as Horizon Europe in the fields of research and innovation, Erasmus+ in the fields of education, training, youth and sport, and Creative Europe in the fields of culture and audiovisual media.

In addition, RANNÍS monitors resources and performance in R&D and promotes public awareness of research and innovation, education and culture in Iceland.

[5] "As of 2013 scientific publications based on projects, funded entirely or partially by the Icelandic Centre for Research, Rannís, must be published in open access.