Fifteen companies were awarded grants from the Íslandsbanki Entrepreneurship Fund in its annual allocation, made today. The combined amount of the grants was ISK 40m.
The Fund always receives a large number of applications – this year they were 90 in all. Since its inception, the Fund has awarded ISK 165m in grants to a wide range of projects.
The aim of the Íslandsbanki Entrepreneurship Fund is to encourage innovation and development and to support entrepreneurial endeavours that further the four UN Global Goals that the Bank has decided to prioritise. The four goals selected by the Bank are Quality Education; Gender Equality; Industry, Innovation, and Infrastructure; and Climate Action. Furthermore, the Fund operates according to Íslandsbanki’s social policy, in line with the Bank’s objective of being a force for good in the community.