INNOVATION FUND DENMARK

INNOVATIONSFONDEN

Start date :2014

End date :

Name of responsible governmental body :

Danish Agency for Institutions and Educational Grants (DAIEG;Styrelsen for Institutioner og Uddannelsesstøtte)

Description :

Innovation Fund Denmark is the main public fund for soft financing of research and innovation projects among private companies and public knowledge institutions. The aim is to support the development of knowledge and technology, including advanced technology, in order to strengthen research and innovative solutions that benefit growth and employment in Denmark. Furthermore the fund also invest in research and development projects focused on solving societal problems

The fund manages different programmes supporting technology and innovation, strategic research, knowledge based entreprenourship and internationalization of danish research.

Objectives:

Technology and Innovation:
-InnoBooster is support for innovative R&D projects in SMEs.
Strategic Research:
-Grand solution projects is large collaboration projects between public and private actors focused on solving societal problems.
-Talents is support of industrial PhD and PostDoc projects.
Knowledge based entreprenourship:
-InnoExplorer is support for proof-of-concept for experienced researchers.
-InnoFounder is support for student and reserachers with entreprenurial.
Internationalization:
-EUROSTARS, ERANET, EUREKA and other bilateral agreements.

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Background including shifts in the policy initiative:

Innovation Fund Denmark was established in 2014 as part of the Danish innovation strategy from 2012 "Denmark - The country of solutions". The establishment of the fund followed a recommendation from an ERAC-peer review of the Danish research and innovation system to simplify the funding system by merging three former funding bodies; the Danish National Advanced Technology Foundation, the Danish Council for Technology and Innovation, and the Danish Council for Strategic Research.

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Type : Grants for business R&D and innovation
Name in English : Innobooster, Grand Solutions, Talent
Country : Denmark
Maximum grant duration : More than 36 months
Maximum amount of grant awarded in euros : More than 1M
Type of activity : Applied research | Experimental development
Requires a form of collaboration : With higher education institutes or public research institutes | With industry partners
Selection criteria : Feasibility of project | Anticipated return on investment | Societal impact anticipated | Alignment with national strategic priorities (e.g. targeted business sectors and technologies)
Contribution (e.g. matching funds) required from beneficiary : Yes

Last updated : Jan 17, 2024