The aim is to strengthen research and development work and improve the competitive conditions of innovative companies by giving them the right to a tax deduction for the cost of innovative projects.

Application deadline is October 1 2026 at 23:59 Icelandic time.

Applications must be submitted electronically. Access to the application system, the tax deduction manual, the with laws and regulations about the fund, etc., can be found on the Tax deductions for research and development page.