The Icelandic Literature Center is a government-funded office. The role of the Icelandic Literature Center is to raise awareness of Icelandic literature, both in Iceland and abroad, and to promote its distribution. The Center selects annually a list of Icelandic books for promotion at book fairs and literature events abroad and participates in big book fairs such as in Frankfurt, London, Gothenburg, and Bologna.
Here is the online version of Books from Iceland 2018:
The Icelandic Literature Center offers translation grants for foreign publishers of Icelandic books. Authors, publishers and organizers of literary events can apply for a support for Icelandic authors travelling abroad in order to promote their work.
Please see here all the grants the Icelandic Literature Center offers outside Iceland: http://www.islit.is/en/grants/translation-and-travel-grants/
Furthermore, the Center supports the publication of Icelandic works of literature and the publication of literary works translated into Icelandic and organizes events, such as the International translation seminar in Reykjavik last September: http://www.islit.is/en/news/nr/4020
Please visit the Icelandic Literature Center website for more information at www.islit.is