InnoBooster invests in promising ideas from small and medium sized companies, start-ups and scientists.
Possibilities within InnoBooster
InnoBooster has a strong focus on innovative companies with the potential to create growth and jobs in Denmark. The programme invests in SMEs with a viable business proposition with high development potential, which require venture capital. Upon succesfull application, projects get funding of up to DKK 5M. InnoBooster covers 33% of project expenses.
Requirements for InnoBooster
Investments in InnoBooster projects comprise development and commercialisation & implementation. The InnoBooster investment programme is open to companies that meet the following criteria:
- A yearly turnover of DKK 2M (in the latest financial year) OR
- An external capital invest of minimum DKK500,000 within the past three years
Companies established less than three years ago, and do not meet the above criteria, must prove potential by:
- Accounting for a strong team with relevant qualifications OR
- Proving relevant results in terms of research (patents, prototype etc.) or by present in the market
The InnoBooster selection process depends on the size of the funding amount applied for:
- Applications for less than DKK 0.5M: Applications are screened and assessed by IFD staff. Executive Management then makes the final decision
- Applications for DKK 0.5-5M: Selected applicants are invited to pitch before an interdisciplinary panel of staff and external peer reviewers, who jointly draw up decision-support. Executive Management makes the final decision.
Below are the upcoming deadlines for InnoBooster. Expect 1-2 months for the proposal writing process.
Funding from InnoBooster can help you develop a new product or a new service that is not on the market today, or significantly improve a process in the company, which improve the company's competitiveness significantly.
Applications are reviewed on an on-going basis. This application round opens 16 August 2016.
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Can your project get funding from InnoBooster?
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Can your project get funding?
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We help companies obtain public funding by converting good projects to well-prepared applications.
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