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.