The Incentive Fund is a cooperation project between Kvika and the Federation of Icelandic Industries aimed at promoting the discussion and awareness of the importance of vocational education and training and the significance of the professions related to it in the economy.

The aim of establishing the fund is to strengthen discussion and awareness of the importance of vocational education and training and the importance of related jobs for the Icelandic economy. There is a shortage of skilled workers and this shortage has in many places become an obstacle to the activities of companies. The Confederation of Icelandic Industries and Kvika join forces and, with the establishment of the fund, want to draw attention to vocational education and training and encourage those who choose to study in this field. Special emphasis will be placed on encouraging women  to look at the opportunities offered in vocational education.