About Innovation Fund Denmark
In 2018, Innovation Fund Denmark will invest more than €75M in innovative initiatives to create growth and employment in Denmark.
Possibilities with Innovation Fund Denmark
Innovationsfonden operated within the following 6 research areas:
- Bioresources, Food and Lifestyle
- Trade, Service and Society
- Energy, Climate and Environment
- Production, Materials, Digitisation and ICT
- Infrastructure, Transport and Construction
- Biotech, Medico and Health
Innovation Fund Denmark offers co-financing for projects focussing is on research, technology, experimental development and/or market development. The fund has the following requirements for the projects:
- 2-5 years duration
- Maximum co-financing of up to 65% (up to 75% for SMEs). Upon successful application, projects receive DKK 5-30M in co-funding
- Participation from a minimum of one Danish company and one Danish public research institution
- The funding from the Innovation Fund Denmark can account for a maximum of 75% of the total project costs
An Industrial PhD is an industrially focused research project which is conducted jointly by a private sector company, an Industrial PhD student and a university. The Industrial PhD student is employed by a company in Denmark and at the same time enrolled at a university. The programme offers the following financing opportunities:
For the company
Innovation Fund Denmark will finance up to DKK 17,000 per month of the Industrial PhD student’s salary for three years, but no more than 50 pct. of the gross salary (gross salary equals salary plus pension contributions). The company will have DKK 100,000 at disposal for the Industrial PhD candidate’s travels and courses.
For the university
Innovation Fund Denmark provides a fixed amount to the university to cover expenses for supervision, work facilities etc. The amount for Danish and non-Danish universities for the three-year period is, incl. overhead: DKK 360,000 for projects within the technical, fundamental, agricultural, veterinary and health sciences, and DKK 252,000 for projects within humanities and social sciences
The InnoBooster programme invests in promising ideas from SMEs, start-ups and scientists. The goal is to transform good ideas to value for society in terms of growth and jobs. Upon successful application, projects get funding of up to DKK 5M. InnoBooster covers 33% of project expenses.
Below are the upcoming deadlines for Innovation Fund Denmark. Expect 1-2 months for the proposal writing process.
With the "Green Growth" call, the Innovation Fund aims to invest in projects with high growth potential, where strategic research and innovation can help create new, internationally competitive solutions to global challenges related to energy, bio resources, climate, environment, water resources, construction and transport. The goals are cost-effective green conversion, decoupling of growth from environmental impact and efficient resource utilization for value for a sustainable society.
The Danish society is constantly changing, with new needs, new challenges and new technological opportunities. "New Technological Opportunities" covers research and new value-creating solutions to specific issues where new or known technologies are used in a new and value-creating way that opens up to unprecedented social and market opportunities. New Technological Opportunities can be within (but not exclusively): Production Technology and Systems, ICT, Digitization and Big Data, cyber and information security, drone technology, bio and life science, materials and energy.
With this call, the Innovation Fund is looking for solutions that will provide the healthcare sector and patients in Denmark with access to the latest knowledge and the most effective treatment for diseases. At the same time, the Innovation Fund will support continued growth in Danish life science. The Innovation Fund will invest in projects that lead to better health through innovative and effective treatment options, improved quality of life for the individual citizen and contributing to the Danish economy through growth and more efficient treatment.
The call will be published February 2018.
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