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Grants for women entrepreneurs in Iceland.

Since 1991 the Ministry of Welfare has once a year awarded grants to women entrepreneurs in Iceland. The amount every year has been approximately 186.000 Euros with 18.600 Euros as the highest grant possible.

The project/company has to be owned by a woman at least 50%, the idea has to be innovative and make jobs in the long run. Grants are awarded for making business plans, for marketing, product development and a wage grant to start up a company.

According to an evaluation of the grants 2010 85% of the grantees said that the grant was very important for their development of their business and 83% will keep on developing their ideas/companies.  The encouragement and recognition of their ideas seems also to be very important to them.

The grantees have one year to finish their projects and have to turn in a report where they evaluate the project and turn in an overview of the costs involved.

The Directorate of labor is in charge of the project, and has a website with information for entrepreneurs and an online application procedure.


If more information and help is needed please give us a call - 582-4914 or send an e-mail to asdis.gudmundsdottir@vmst.is or atvinnumalkvenna@atvinnumalkvenna.is