"Icelandic singer-songwriter Björk and Icelandic financial services provider Audur Capital have established a joint venture fund called BJÖRK, after the singer. The fund will be used to invest in seed companies in Iceland.
“It’s Audur’s idea and it’s a great honor that [the fund] is named after me,” Björk told Morgunbladid when she and Audur’s chief executives, Halla Tómasdóttir and Kristín Pétursdóttir, presented their initiative yesterday.
It is hoped that the fund will have close to ISK 2 billion (USD 17 million, EUR 12 million) in capital and that companies will be able to apply for grants from the fund next year. Audur Capital has already contributed ISK 100 million (USD 867,000, EUR 614,000) to the fund."
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