https://english.hi.is/university/the_universitys_science_and_innovation_award
Here is the description of the event from Jón Atli Benediktsson, Rector of the University of Iceland:
The University of Iceland Science and Innovation Prizes will be presented on Tuesday 12 May...The prizes, previously called the University of Iceland Applied Science Prize, are now awarded for the 22nd time. The competition is run as a collaboration between the University of Iceland, the New Business Venture Fund, Árnason|Faktor, Innovation Center Iceland and the Technology Transfer Office Iceland.
A total of 38 valid applications were submitted this year, which is a record number. Prizes will be awarded for the best ideas in four categories: Health, Technology and Progress, Society, and the Motivational Prize. An overall competition winner will also be selected from among the prize recipients in the above categories.
Due to current restrictions on mass gatherings and the two metre rule, only the prize recipients and the evaluation committee will physically attend this year, but the ceremony will be live-streamed online: https://livestream.com/hi/visindaognyskopunarverdlaunhi
On this occasion, Martin Ingi Sigurðsson, professor at the Faculty of Medicine, will also give a talk on the project that medical student Halldór Bjarki Ólafsson completed under his supervision, which won the President of Iceland's Innovation Award at the beginning of the year.