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Invitation to apply for innovation grants

Applications for Landsbankinn's innovation grants are now open and the total amount of grants to be awarded during this round will be up to ISK 10 million. Applications will be accepted until midnight on 1 December 2014.

Grants will be awarded in two brackets:

  • Larger grants for advanced projects in the amount of ISK 500,000-2,000,000
  • Lower grants to start up in the amount of ISK 200,000-500,000

The projects most likely to be considered are new business ideas or products, a known business idea to be developed for a new market and projects that expand established companies or new companies. Applications for grants to develop business ideas, e.g. to purchase equipment, materials or expert services for innovation purposes, or participate in courses that demonstrably convey knowledge and skills relevant to the development of a business idea, will also be considered.

Applications are submitted electronically via bank's website and the grants are expected to be awarded early in 2015. A dedicated panel of two internal experts and two external professionals will review the applications. The application process is transparent and professional.