The Icelandic Literary Prize is an annual award that recognizes outstanding literary works by Icelandic authors. Established in 2011, it aims to promote and celebrate the richness of Icelandic literature across various genres, including fiction, poetry, and non-fiction. The prize is awarded in several categories, with winners chosen by a panel of judges composed of literary experts and authors. The Icelandic Literary Prize not only honors individual achievements but also encourages reading and appreciation of literature within Iceland and beyond.