Deadline: 18-Aug-2020
Innovation Fund Denmark (IFD) “open call” to invest in projects based on a brilliant idea with a great potential for value creation and to strengthen unusual and value-creating research and innovation projects.
Objective
With the “RESEARCH2025” inspirational catalogue, the “2020 Finance Act” and the “2020 Agreement on Allocation of the Research Reserve” as starting points, investments are made in innovation projects within all professional disciplines not limited by past or present theme specific Grand Solutions calls.
Investment Strategy
IFD invests in projects at all stages of the research and innovation value chain. Thus, IFD invests in the good project that is close to market but still needing research, development and innovation activities as well as the early strategic research project where targeted efforts and cooperation with the most competent international and/or Danish partners from relevant professional disciplines are crucial.
IFD’s investments do not always take a project all the way through the innovation value chain. Therefore, it is crucial that the project partners themselves have the ability to lift the result onto the market or ensure implementation in society – or have investors who can invest in, or take over, the project after IFD’s investment period.
IFD favours innovation projects with a focus on increased private or public productivity within e.g. administrative, service and financial disciplines and encourages consideration of e.g. new, disruptive or unconventional business models that will ensure the value creation of the project.
IFD invests in value creating innovation within social science and humanities, as it is IFD’s experience that value creation often cannot be provided by technological solutions alone. Behavioural aspects, incentive models, regulation and market aspects are examples of often important aspects in successful innovation projects.
Funding Information
- The 2020 budget is approx. DKK 50 mill.
- Grand Solutions project duration: Typically 2-5 years
Assessment Criteria
The overall assessment criteria are:
- Quality of research and innovation
- Value creation during and after the project period
- Efficiency of project execution
- Implementation of results
For more information, visit https://innovationsfonden.dk/en/programmes/grand-solutions/open-call
