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Íslandsbanki awards ISK 35m in grants from Entrepreneurship Fund

Today Íslandsbanki awarded twelve grants from its Entrepreneurship Fund in the total amount of ISK 35m. The amount of each grant ranges between ISK 1m and ISK 4m. The Fund received nearly 130 applications.

In the past two years combined, the Entrepreneurship Fund has awarded grants totalling some ISK 125m. The Fund is an important part of Íslandsbanki’s social responsibility policy, and its goal is to encourage innovation and development. In allocating the grants, consideration was given to projects that promote the four UN Global Goals that the Bank has decided to support: Quality Education; Gender Equality; Industry, innovation, and Infrastructure; and Climate Action. 

 The Board of the Entrepreneurship Fund was unchanged from the prior year. Its members are Ari Kristinn Jónsson, former president of Reykjavík University and current CEO of AwareGO; Hrund Gunnsteinsdóttir, Managing Director of Festa; and Una Steinsdóttir, Director of Retail Banking at Íslandsbanki. 

Every year, Íslandsbanki’s Entrepreneurship Fund receives well over 100 grant applications, indicating the significant and important innovation work taking place in Iceland. It is gratifying to see that the vast majority of the projects involve making improvements to society all over the country in a variety of ways. The grants awarded by the Entrepreneurship Fund this year reflect not only Íslandsbanki’s priorities and the four UN Global Goals on which the Bank focuses, but also the diversity of ideas and solutions that Icelanders have to offer. It is important to be able to contribute to supporting these ideas, thereby being a force for good in the community.

Una Steinsdóttir
Director of Retail Banking, Íslandsbanki