Development-plan funding for Danish SMEs, entrepreneurs, and researchers, part of a DKK 1.6-2.0B annual program.
- Potential value:
- DKK 5M in credits
- Provider:
- Innovation Fund Denmark
- Referral needed:
- No
Why this could be a strong fit
Useful for teams standardizing on Innovation Fund Denmark who want to offset general costs during the early build-out phase.
What you need to qualify
- A Danish SME, including startups, meeting the EU SME definition: fewer than 250 employees and an annual turnover of at most EUR 50 million or an annual balance sheet total of at most EUR 43 million.
- Plus one of two financial thresholds: a total investment of risk capital or development grants of at least DKK 100,000 within the past three years, or a gross profit of at least DKK 250,000 in at least one of the last three years.
- A knowledge-based development project with significant risk and innovation potential, not business as usual.
- Innovation Fund Denmark co-finances a maximum of 35 percent of the eligible project expenses, so the rest is your own contribution.
- The project runs for at most 24 months.
- Each invoice under the equipment and materials budget line must be at least DKK 10,000 excluding VAT.
Eligibility
- Eligible stages
- Pre-seed, Seed
- Countries
- Denmark
How to apply
- 1
Register in the e-grant system first
Applications are created and submitted in Denmark's e-grant portal at e-grant.dk, using a username and password or MitID. The portal is separate from innovationsfonden.dk, so do the account step before the window gets tight.
- 2
Find the right InnoBooster call and pick the funding bracket
In e-grant, search for the correct call and select the bracket matching your request: DKK 200,000 to 1 million, or DKK 1 million to 5 million. The two brackets are separate calls.
- 3
Complete the administrative section
Fill in the administrative part of the application in e-grant, covering the company and the applicant details.
- 4
Answer the assessment questions
The application asks about the company, the idea, the project, the market, the business gains, the risks, the team, any previous Innovation Fund Denmark funding, and the activity plan. Assessment weights three criteria equally: quality of the idea, impact, and quality of execution.
- 5
Upload the budget on the Fund's own template
The budget must be uploaded using the template Innovation Fund Denmark provides. Eligible costs cover employee hours (new and existing staff and owners), collaboration with public or private knowledge providers such as universities and research institutes, and materials, experimental equipment, equipment leasing and depreciation.
- 6
Submit before 12:00 noon on the closing day
An unsubmitted draft is destroyed, not carried over: "If you have an application draft in the e-grant system that has not been submitted when an application period closes at 12:00 noon, it will be deleted."