This is the initial allocation from the Fund and we will allocate ISK 10 million annually. As a general rule, grant amounts are ISK 1 to 2 million.
We want to support the development of solutions that expedite the switch from fossil fuels to power sources with a smaller carbon footprint. Eligible projects include hardware and software, production processes, etc. We will also take into consideration projects that are still in the research and development phase.
We encourage students and start-ups to apply to the Sustainability Fund, as well as others.
The application deadline is up to and including 22 April.