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The Icelandic Centre for Research (RANNIS) administers competitive funds in the fields of research, innovation, education and culture, as well as strategic research programmes.

The fund’s objective is to promote innovation and development in sports activities for children and youth, increasing the status of sports activities.

Teachers, student and career counselors, headmasters, and other upper secondary school administrators can apply for study leave to enhance their skills.

The Icelandic student innovation fund provides grants to hire undergraduate and master’s students for summer work on research and development projects.