The Knowledge Network is a center for lifelong learning, higher education, research and innovation. The organization operates as a non-profit organization financed by self-generated funds and operating agreements with the state. The focus of all areas of operation is regional service to businesses and individuals in the vast operating area of ​​Þingeyjarsýslar in the NE corner of Iceland.

The Knowledge Network is a unified umbrella organization that operates under a single ID number various functional units that are operated independently in many other parts of the country. The organization operates a lifelong learning center, a knowledge center that conducts research and university services, an entrepreneurship center, and a FabLab workshop. In all cases, the center is an active participant in the collaboration of these functional units at the national level.  

The first indicator of the Knowledge Network's activities began in 1999 with the establishment of a lifelong learning center under the name of the Þingeyinga Education Center. Research and university services began in 2003 with the establishment of the Þingeyinga Knowledge Center, but these units were merged shortly afterwards under the name of the Knowledge Network.  

Þekkingarnetið hefur verið leiðandi í myndun samstarfs stofnana, fyrirtækja og einstaklinga um vinnustaðaklasa á þekkingarsviði. Stofunin leiddi myndun vinnustaðaklasans STÉTTIN á Húsavík og átti virkan þátt í myndun KISTUNNAR á Þórshöfn og GÍGS í Mývatnssveit.