Innovation Fund is seeking applications for its Innobooster grants for companies and entrepreneurs who want to initiate an innovative, knowledge-based development project. The purpose is to increase the company's competitiveness and create growth for Danish society.
Sponsoring Agency: Innovation Fund
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/01/2021
Size of the Fund: USD $500,000 to $1 Million
Innovation Fund is seeking applications for its Innobooster grants for companies and entrepreneurs who want to initiate an innovative, knowledge-based development project. The purpose is to increase the company's competitiveness and create growth for Danish society.
Funding Information
You can apply from DKK 50,000 and up to DKK 5 million. Innobooster's contribution can amount to a maximum of 33% of a project's total expenses. The remaining part is covered by the company itself.
Who?
Entrepreneurs, start-ups and small and medium-sized businesses. Companies older than three years must either have had a turnover of DKK 2 million. DKK in the most recent financial year or have attracted external capital of at least DKK 500,000 within the last three years.
What?
Knowledge-based development projects that result in a new product, a new service or an improved process. The subsidy can cover salaries for existing and new employees' hours and in addition also expenses for knowledge suppliers as well as equipment and materials.
Requirements
• News value
o The company must initiate new development activities and the result of the project must clearly differ from what is otherwise on the market today.
• Value creation and business potential
o The company must make it probable that it can gain a significant competitive advantage and in the long run make money from the solution.
• Implementation
o It must be clear which specific activities are to take place in the project, which specific results the company will have after the project, and what these are to be used for. In addition, the company must have both a team with the right competencies and the necessary financial resources to complete the project successfully.
• Financial efficiency
o The project must be budgeted realistically and the desired investment must be commensurate with the expected business gain and the project's risk.
More information at: https://innovationsfonden.dk/da/programmer/innobooster/innobooster-0
Eligible Countries:
Denmark
