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Innovation Fund Denmark

Innovation Fund Denmark supports research with a clear and obvious applied angle. In most cases, group leaders at a university can only attract funding if the outlined project is done in close collaboration with a company. One might say that the foundation invest in projects aiming to generate a profit rather than grant money for basic research.

The largest yearly grant from Innovation Fund Denmark is the Grand Solutions. Here, public institutions and private companies collaborate with the ambition to develop a new product or technology that should be mature enough to enter the market within the life span of the project. These grants are worth up to DKK 40 million, but also require a significant amount of co-funding from collaborating companies.

Innovation Fund Denmark has several other funding instruments, including industrial PhD and postdoc programmes, funding young researchers shared between companies and research institutions.

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