About Innovation Fund Denmark
Innovation Fund Denmark invests in the development of new knowledge and technology. To receive funding from Innovation Fund Denmark you must have a business idea that is innovative and generates growth.
Possibilities with Innovation Fund Denmark
Innovation Fund Denmark invests within particular strategic focus areas, which includes
- Collaboration and partnerships
- Talent development.
Innovation Fund Denmark supports large projects through Grand Solutions. Projects must have a focus on research, development and / or commercialisation. It can be product development, new processes or building and developing long-term research competencies.
Investment opportunities for Grand Solutions
- Ambitious and lasting green research and innovation initiatives
- Life science, health and welfare technology
- Technology and innovation that contributes to developing production and creating jobs in Denmark.
Level of funding for participants
- SMEs: 35-75%
- Large companies: 25-65%
- Government organizations and research institutions: 90% + overhead
- GTS institutes: Up to 60%
Requirements for the projects
- 2-5 years duration
- Grant amount of DKK 5-30 million per project.
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 of DKK 360,000 to the university to cover expenses for supervision, work facilities etc.
The Innobooster programme invests in promising ideas from SMEs and start-ups. Innobooster covers 33% of project expenses and invests DKK 50,000 – 5 million in projects, that demonstrate innovative thinking and significant market potential..
Innovation Fund Denmark collaborate with other countries to support transnational consortium partnerships. For example, this could be co-operation with EUREKA countries, Nordic co-operation or co-operation with one specific country. Funding rates and amounts vary per call.
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