Denmark

InnovationsFonden Denmark

Ostergade 26, 4. sal
1100   Copenhagen K
DENMARK

Mr Jens Peter Vittrup
National Project Coordinator

Phone+45 6190 5023 (mobile)
Mail: jens.peter.vittrup@innofond.dk

FUNDING BODY

InnovationsFonden was established as of 1 April 2014 by bringing together research, technology development and innovation grants from the Danish Council of Strategic Research, the Danish National Advanced Technology Foundation and the Danish Council for Technology and Innovation into one new powerful foundation.The overall aim of InnovationsFonden is to support the development of knowledge and technology, including advanced technology, in order to strengthen research and innovative solutions that may benefit growth and employment in Denmark. The yearly budget for the Advanced Technology Programme is around €80 mio.

FUNDING TOOLS

An advanced technology project is a partnership between at least one Danish private company and at least one Danish public sector research institutions. More companies and/or public sector research institutions may be part of the collaboration. The participating companies and public sector research institutions together define the specific challenges for which they want to develop advanced technology solutions. The project’s objective is to develop, within a specified time limit after the end of the funding period, a completely new product or a new generation of products through use of advanced technology. In order to get to the point where the participating companies will be able, on their own, to finish the development of the product and bring it to market, the parties should work together to reach an outcome, e.g.. a successful preclinical test, a prototype, a patent or the like, that will help prepare the given technology for commercialisation.

An advanced technology project can be an innovation project in which the project’s various parts, methods, approaches, etc., are known, but their combination is novel. Or an advanced technology project can be a project with large-scale research activities, as the product aimed for can not be developed without considerable research effort. An advanced technology project is a determined effort to extend the participating companies’ fields of business through use of novel advanced technology.

 

FUNDING IN DENMARK

In 2017, Innovation Fund Denmark will invest DKK 1.25bn (168M€) in new initiatives to create growth and employment in Denmark.

Grants

The average size of funding from the fund is between €300.000 to €2 mio.