Innobooster
Innobooster is the main grant programme in Denmark, offering support for innovative SMEs through the recruitment of academic/research personnel, procurement of R&D services, and other innovation activities.
The Innobooster programme is organised by Innovation Fund Denmark (Innovationsfonden), which overall aims to support the translation of innovative ideas into new solutions that contribute to development of knowledge and technology, including advanced technology, and in turn strengthen research and innovative solutions that may benefit Danish growth and employment.
Commercial Opportunities
Innobooster offers opportunities for Danish SMEs wishing to develop and mature new products or services to improve a process that increases the company’s competitiveness and creates growth.
Funding Available
Innobooster funds projects with grants that are between 50k and 5 million DKK, with a project duration of maximum 2 years. A subsidy rate of 35% of eligible cost applies, with the opportunity to obtain a higher effective subsidy rate for projects applying for grants of up to 1,5 million DKK.
Requirements
For a given project idea submitted to the Innobooster programme, applications need to demonstrate:
- Novelty: The company must initiate new development activities, and the result of the project must be distinctly different from what is on the market today.
- Value Creation and Business Potential: The company must render it probable that it can gain a significant competitive advantage and in the long-term profit from the solution.
- Implementation: It must be clear which specific activities that will be carried out in the project, which concrete results the company will have after the project, and how they will be used.
- Financial Efficiency: The project must be budgeted in a realistic manner and the desired grant must measure up to the expected business gain as well as project risk.
It is a requirement that the applying SME has attracted minimum 100k DKK in external capital in the 3 years preceding the application, or that the SME can present a gross profit of minimum 250k DKK published in the fiscal report of the preceding year.
Furthermore, the project must fall under one of the following three themes:
- Green research, technology development and innovation
- Life science, health, and welfare technology
- Strategic and challenge-driven innovation within new technologies
Do you need help validating your match or preparing your application?
For elaboration on the topics, see the official Guidelines for the Innobooster programme, and for more detailed information and latest updates, see the official programme website.