The Icelandic Design Award honours the best Icelandic design and architecture.

The importance of design in our society, culture and business has been growing steadily, and it is therefore vital to increase the understanding of good design and highlight the value of quality.

Celebrating achievement and excellence, the Icelandic Design Award is given to a designer, a team, a studio or an architect in recognition of an outstanding new work, object, project or collection. The award is given to a recent project that demonstrates creative thinking, resourceful solutions, thorough presentation and professional methodology throughout the design process.

Best investment in design recognises successful investment in design or architecture in the past year. It is awarded over to a company that has incorporated design in the core of its operations to create value and increase competitiveness.

The Icelandic Design Award is established by the Iceland Design Centre in collaboration with the Iceland Academy of the Arts and the Museum of Design and Applied Art.

The nominated designers must be members of one of the founding associations of the Iceland Design Centre, or professionals in their field in order to be considered for the Icelandic Design Award.
To be considered for the award, the body of work, must have been completed within no more than three years prior to the nomination date.

The winner of the Icelandic Design Award receives ISK 1,000,000, granted by the Ministry of Industries and Innovation.