The Iceland Music Export Fund gave out its first ever batch of grant money to local musicians looking to establish themselves abroad.
A total of sixteen projects submitted applications to the fund before May 1, putting in requests for a total of 6,587,700 ISK. Of these, seven received grants for travel and touring and five for marketing, totalling 3,700,000 ISK in funding.
Retro Stefson cleaned up the best getting a marketing grant for 1,000,000 ISK. Útidúr, Reykjavík Sinfónía, Lára Rúnarsdóttir and Biggi Hilmars also received marketing grants for 500,000 ISK. Travel grants of 50,000 ISK per band member were granted to Sykur (x4), Svavar Knútur, Krakkbot, Kontinuum (x5), Berglind Ágústsdóttir, AMFJ and Þúriður Jónsdóttir.
The fund aims to foster the cultural influence and diversity of Icelandic music both locally and with tourists. It operates under rules set by the Ministry of Education, Science and Culture and a three-person committee chooses the recipients.
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