Tilskotum

Tilskotum is the dative plural form of tilskot in Icelandic and refers to subsidies or grants provided by public authorities, municipalities, universities, and private foundations. Tilskot are financial means to support activities or organizations that deliver public or cultural value, not always viable in a purely market environment.

Applications are typically submitted through open calls or targeted programs. Applicants provide a project description, budget, timeline, and justification of public benefit. Awards may require reporting on milestones and finances, and may include conditions such as matching funds or compliance with guidelines.

Common fields supported include culture and the arts, research and innovation, education, social services, and regional development. Grants can be non-repayable or repayable, and may also be awarded as partial funding or in-kind support.

Allocation of tilskot is subject to evaluation, transparency, and accountability. While critics emphasize the need for clear criteria and independent review, supporters argue that well-designed tilskot stimulate public value, address market failures, and advance strategic priorities.