Bjork has partnered with a Reykjavik-based venture capital firm to establish a fund that will invest in socially and environmentally responsible companies that will help restore Iceland's battered economy.

The Icelandic singer launched the venture fund with Audur Capital and given her name to it.

BJORK is intended for investors seeking opportunities in new venture creation and the development of small companies with the objective of helping the recovery of the Icelandic economy.