The overall aim of the Innovation Fund 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 Grand Solutions funding instrument offers funding for Danish-led collaborative R&D projects, or close-to-market projects, typically holding high commercial potential as well as having significant societal and academic impact.
Commercial opportunities: As a private company participating in a Grand Solutions Fund project it is possible to obtain funding for the development of high-potential products, thus improving your market position and competitiveness.
The Innovation Fund opens the way for research institutions and public parties to publish research results, education, spin-offs and technologies to the benefit of the society.
Funding available: With the Grand Solutions funding instrument, the Innovation Fund offers grants of typically DKK 5-30M available for projects, with the Fund contributing up to 75% of eligible project costs.
Requirements: For a given project idea submitted as a Grand Solution, applications need to demonstrate:
– Obvious business potential: project results should be commercialised and create revenue for participating companies.
– Internationally recognised, high quality research and innovation: original research at/beyond state-of-the-art, and the inclusion of qualified partners.
– Entrepreneurship: public-private partnership; knowledge sharing in the project; and an adequate project governance structure and processes.