Innovative Icelandic Businesswomen Supported Skip to content

Innovative Icelandic Businesswomen Supported

Minister of Social Affairs Ásta Ragnheidur Jóhannesdóttir distributed ISK 25 million (USD 193,000, EUR 149,000) in grants to female entrepreneurs on Friday. Projects that were supported include, color treatment to improve the appearance after illness and a seaweed spa.

The ministry has awarded grants to support the employment of women every year since 1991. This year the ministry received 261 applications, which is a new record. Out of these applications, 38 business ideas received grants from ISK 300,000 (USD 2,300, EUR 1,800) to ISK 2 million (USD 15,000, EUR 12,000), reports.

“There is certainly a sound reason to encourage innovation and the development of new employment opportunities,” Jóhannesdóttir said at the occasion.

The minister complimented the applicants for their creativity, adding, “The winning proposals show without a doubt that Iceland has the power of creativity and talented women.”

Two projects received the highest grant. One features eco-friendly structural units that can be used as shelters and form larger shelters or stretch to form a circle. The other is a sign language website where people can study sign language and learn about its history and culture.

A grant of ISK 1.8 million (USD 13,900, EUR 10,7000) went to the dairy farm Erpsstadir in west Iceland, which is planning to specialize in products made from cream, such as ice cream, desserts and cheeses.

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