The Music Fund is now acception applications for the first allocation round in 2026. The application deadline is 15 April at 15:00.

According to the Music Act and the Music Fund’s regulations, the fund’s role is to support Icelandic music, recording projects, and industry development. It also promotes Icelandic artists and composers both in Iceland and abroad.

The Music Fund awards five grants across four departments:

Music Grants – awarded from the Creation and Release Department. Grants for composing, recording, releasing, and promoting music.
Performance Grants – awarded from the Live Performance Department. Grants for domestic concerts and concert tours. Grants are awarded directly to musicians or their representatives. Long-term grants are available.
Business Grants – awarded from the Development and Infrastructure Department. Grants for music projects such as festivals, venues, concert series, business ideas, and startups. Long-term grants are available.
Marketing Grants – awarded from the Export Department. Grants to attract attention abroad.
Travel Grants – awarded from the Export Department. Applications are submitted via the Iceland Music website every two months. Grants for travel to seek opportunities abroad.

Grants from the Music Fund are awarded for specific projects, which must generally begin within 18 months of the allocation. In principle, grants are not awarded for the operations or administration of associations, companies, or institutions that already receive regular operating support, nor for projects or events that have already taken place.

Applications will not be considered if final reports, or interim reports, for projects funded in 2022 or later have not been submitted through the application system. This applies to grants awarded from the former Music Fund and the Recording Fund, but not to the Export Fund.

Iceland Music administers the Music Fund on behalf of the Ministry of Culture, Innovation and Higher Education.

‍Find information and application materials here

Applications, progress reports, and final reports must be submitted electronically.

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Music Fund Application Workshop

Join us on Tuesday, April 7, from 15:00–18:00 for a relaxed co-working session where you can focus on your application alongside others who are doing the same. It’s a chance to exchange ideas, ask questions, and talk through the application process in a supportive setting. The event is designed as an open and encouraging workspace for those preparing their applications.

Please register here

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