About Innovation Fund Denmark

We invest in entrepreneurs, researchers and businesses that create value for Denmark and new solutions to our society’s biggest challenges.

We invest in sustainable solutions

Innovation Fund Denmark creates a framework for entrepreneurs, researchers and businesses so they can develop innovative and viable solutions to society’s challenges.

For example new climate mitigating solutions, healthier food, a more effective health care, cleaner environment, green transport, start-up journeys – and much more.

Read more about Innovation Fund Denmarks themes for investments here.

We want to create real value from our investments

It is important that the Danish society benefits as much as possible from the money Innovation Fund Denmark invests in research and investment. That is why we prioritize responsibility highly. All projects we invest in have requirements of societal engagement, transparency, education and ethics.

Compared to other investors Innovation Fund Denmark’s results do not necessarily need to be seen in share prices or end of year financial results. Innovation Fund Denmark’s results must also be evaluated on social welfare improvements, increased societal wealth, jobs, reduction of CO2 emissions, cleaner environment etc.

We are ready to take a chance

Innovation Fund Denmark is ready to take a chance in a project, even though others may not be able to see the possibilities in it. Innovation Fund Denmark was created to invest in projects with high risk – and also high potential. And we do this in an easy, simple and transparent way – with as little bureaucracy as possible.

We are all of Denmark’s investment fund

Innovation Fund Denmark was created to strengthen and foster strategic research and innovation projects in all of Denmark. That is why the Fund has offices spread all over the country in Copenhagen, Aarhus and Aalborg.

Organization
Management
Open section, Management
  • CEO: Cecilie Brøkner
  • VP Start up, SME and International: Ole Sinkjær
  • VP Missions and Partnerships: Søren Asp Mikkelsen
  • CFO: Michael Friis Lindinger
  • Head of the Executive secretariat Communication and External relations: Pernille Rype
  • Head of HR: Lene Skovsgaard
  • Head of Missions: Sidsel Hougaard
  • Head of Start up & SME: Lars Zederkof 
  • Head of International Collaboration: Aila Lonka
  • Head of Grand Solutions: René Damkjer
Board of Directors
Members
Open section, Members

Anders Eldrup

Anders Eldrup

Anders Eldrup is the chairperson of the Innovation Fund. Additionally, Anders also sits on the boards of the CIP Foundation, Innargi, and Norlys Energy.

Anders Eldrup joined the Board of Directors on March 7, 2022, and has been reappointed until June 30, 2027

 

Christian H. M. Ketels 

Christian Ketels

Christian H. M. Ketels is the first vice chairperson of the Innovation Fund. Christian is an advisor to, among others, the European Commission.

Christian H. M. Ketels joined the Board of Directors on July 1, 2020, and has been reappointed until June 30, 2026.

 

Henrik Jørgen Andersen

Henrik Jørgen Andersen

Henrik Jørgen Andersen is the second vice chairperson of the Innovation Fund. Henrik is a Senior Executive R&D Advisor at Arla Foods Ingredients P/S and an adjunct professor at Aarhus University.

Henrik Jørgen Andersen joined the Board of Directors on December 1, 2019, and has been reappointed until November 30, 2025.

 

Mette Glavind

Mette Glavind, Board Member of Innovation Fund Denmark

Mette Glavind is the director of the Construction and Building division at the Danish Technological Institute. Additionally, she is the chairwoman of ForskByg and sits on the boards of We Build Denmark, Gerlev Sports Academy, Lifestyle & Design, and the Larsen and Nielsen Foundation.

Mette Glavind joined the Board of Directors on July 1, 2020, and has been reappointed until June 30, 2026.

 

Charlotte Rønhof

Charlotte Rønhof

Charlotte Rønhof is the chairwoman of the Bornholm Business Fund, chairwoman of the Council for Children's Learning, chairwoman of the ATV Science and Engineering Project, and also sits on the boards of the Danish Evaluation Institute, Madkulturen, the Kata Foundation, N. Zahle's Gymnasium, and the Heart Association.

Charlotte Rønhof joined the Board of Directors on March 7, 2022, and has been reappointed until June 30, 2027.

 

Sine Reker Hadrup

Sine Reker Hadrup, Board Member of Innovation Fund Denmark

Sine Reker Hadrup is a professor at the Department of Health Technology at the Technical University of Denmark and is a co-founder of two start-ups in life science and welfare technology.

Sine Reker Hadrup joined the Board of Directors on July 1, 2023, and has been appointed until June 30, 2026.

 

Peter Holme Jensen

Peter Holme Jensen

Peter Holme Jensen is the founder and CEO of Cambiotics. Peter Holme Jensen is also the founder and board member of Aquaporin A/S as well as a board member of Aquapoten.

Peter Holme Jensen joined the Board of Directors on June 15, 2021, and has been reappointed until June 30, 2027.

 

Philipp Schröder

Philipp Schröder, Board Member of Innovation Fund Denmark

Philipp Schröder is a professor at the Department of Economics at Aarhus University. Additionally, he is the director of the FIND Research Centre and sits on the boards of Danmarks Nationalbank and the Competition Council.

Philipp Schröder joined the Board of Directors on July 1, 2023, and has been appointed until June 30, 2026.

 

Henrik Østergaard Breitenbauch

Henrik Breitenbauch redigeret

Henrik Østergaard Breitenbauch is a researcher at both the Atlantic Council and the Center for Transatlantic Relations. He is also the dean of the Royal Danish Defence College.

Henrik Østergaard Breitenbauch joined the Board of Directors on July 1, 2024, and has been appointed until June 30, 2027.

Delegation of the Board's decision-making power
Open section, Delegation of the Board's decision-making power

Delegation of the Board's decision-making power

Innovation Fund Denmark's Board of Directors may delegate its decision-making powers to committees, the secretariat or the Ministry of Education and Research or a state authority under the Ministry as described in Chapter 2, Section 10 and Section 28, subsection 5 of the Act and in Executive Order of No. 1150 of 25 October 2017 § 11.

Read more about delegation of the board's decision-making competence in the rules of procedure for Innovation Fund Denmark (PDF)

Delegation of the board's competences is described in the board's rules of procedure §26, §27 and §28. 
Text within the red square is deleted. 

Innovation Fund Denmark's Board of Directors has delegated its decision-making power as follows:

Committees

Pursuant to section 28, subsection 5 of the Act, the Board of Directors of Innovation Fund Denmark has set up two committees under the Board of Innovation Fund Denmark:

Innovation Committee:

  • Henrik Jørgen Andersen (Chairperson)
  • Philipp Schröder
  • Peter Holme Jensen

Committee for Strategic Research:

  • Mette Glavind (Chairperson)
  • Lars Frølund
  • Charlotte Rønhof

”Fagudvalg”

Pursuant to section § 10, stk. 1, nr. 1 of the Act on Innovation Fund Denmark and Executive Order no. 1150 of 25 October 2017, § 11, stk. 1, nr. 1, the Board of Directors has decided to delegate authority to technical committees. The Board of Directors may at any time set up a maximum of 10 temporary and permanent specialised committees in total.

The Secretariat

Pursuant to section § 10, stk. 1, nr. 2 of the Act on Innovation Fund Denmark and Executive Order no. 1150 of 25 October 2017, section § 11, stk. 1, nr. 2, the Board of Directors has decided to delegate authority to the Secretariat within the following:  

Documents
Minutes from board meetings
Open section, Minutes from board meetings

Each year, Innovation Fund Denmark's Board of Directors holds five ordinary board meetings. From April 2024, the Foundation will publish minutes from the board meetings below.

Documents
Fagudvalg / Committess
"Fagudvalg" / Committees
Open section, "Fagudvalg" / Committees

"Fagudvalg”

The Board of Directors appoints temporary or permanent professional “fagudvalg” to assist the secretariat in assessing applications for grants. A maximum of 10 temporary and permanent “fagudvalg” may be set up at any one time.

Strategy
Vision, mission and investment principles
Open section, Vision, mission and investment principles

Vision
Encourages key knowledge and innovation potentials in Denmark.

Mission
Invests with high risk in research and knowledge-based innovation and entreprenuership that accelerate sustainable solutions to societal challenges and increase the global potential for growth in Danish companies. 

Investment principles:

  • Takes the early risk when the market is still hesitant.
  • Build bridges between research, companies and public authorities.
  • Invests in projects with a high level of innovation and a clear focus on outcome and sustainability. 
Documents
Legal basis and policies
Privacy policy
Open section, Privacy policy

It is paramount for Innovation Fund Denmark to protect personal information data and we apply and adhere to all current regulations and laws.

Privacy policy for Innovation Fund Denmark.

Information security policy
Open section, Information security policy
Open Access Politiy
Open section, Open Access Politiy

To create free access for all citizens, researchers and companies to all research articles from Danish research institutions financed by public authorities and/or private foundations.

Denmarks National Strategy for Open Access (PDF)

Documents
Whistleblower
Open section, Whistleblower

The Innovation Fund Denmark’s whistle blower scheme provides employees and others with connection with the Fund the possibility to report suspicion of illegal, unethical or irresponsible behavior that conflicts with the Funds regulations or values. All reports go with full anonymity to the Fund’s legal representation at Kammeradvokaten/Poul Schmith.

Report here.

Requirements for responsible research and innovation
Open section, Requirements for responsible research and innovation

RRI aims to strengthen the links between research & innovation processes and results and societal values and needs.

Innovation Fund Denmark strives to advance RRI in both its overall strategies and via its projects and the Fund adheres to the European Commission’s definition and implementation of RRI.

We have designed our investment types and evaluation criteria in such a way as to encourage projects to focus on ‘societal commitment’ and ‘research training’. To that end, projects are specifically encouraged to:

  • Involve all relevant stakeholders and institutions in the research and innovation process
  • Cultivate a keen focus on future users
  • Engage in formal and informal cross-institutional research training

By involving all relevant stakeholders in the research and innovation process projects may potentially create more sustainable and long-term results. And by making formal and informal research training an integral part of the projects, they will not only generate research and innovation results, but also train the next generation of researchers.

 

    Retningslinjer for internationalt forsknings- og innovationssamarbejde (URIS)
    Open section, Retningslinjer for internationalt forsknings- og innovationssamarbejde (URIS)

    Danske og udenlandske efterretninger viser, at internationalt forskningssamarbejde kan have alvorlige sikkerhedsmæssige, økonomiske og etiske konsekvenser. En ny rapport og nye konkrete retningslinjer til de danske uddannelses- og forskningsinstitutioner indskærper, at offentlige forskningsfinansierede fonde har et særligt ansvar for løbende at tage stilling til potentielle risici forbundet med de aktiviteter, der finansieres.

    I praksis betyder det, at fondene har en forpligtigelse til at være årvågne og aktivt bede relevante institutioner eller myndigheder om mere information, hvis der opstår tvivlstilfælde vedrørende internationale forskere og virksomheder, der ansøger om og modtager dansk finansiering.

    De nye retningslinjer blev offentliggjort i maj 2022, og de er blevet til, efter at Udvalget om retningslinjer for internationalt forsknings- og innovationssamarbejde (URIS) har afrapporteret, hvordan vi bedst sikrer dansk forskning mod økonomiske, sikkerhedsmæssige og etiske risici i internationalt forsknings- og innovationssamarbejde.

    Innovationsfonden implementerer URIS-anbefalingerne i retningslinjerne for alle fondens relevante programmer. Dette vil være sket, når forskningsreserveforhandlingerne for 2023 er afsluttede, og alle retningslinjer er opdateret for 2023.

    Du kan finde URIS-retningslinjerne her.

    You can find the URIS guidelines here.

    Conflict of interest
    Open section, Conflict of interest

    Here you can read the Innovations Fund's eligibility rules, adopted by the board on June 21st 2023. They are entered into force on June 28th 2023, and thereby replace the previous eligibility rules. The document is currently only available in Danish. 

    Documents
    Impact Assesment and Evaluation
    Open section, Impact Assesment and Evaluation

    The aim of Innovation Fund Denmark is to create growth, jobs and solve societal challenges. These goals are affected by various factors and are therefore difficult to measure. This text outlines Innovation Fund Denmark’s approach to impact measurement of investments.

    Innovation Fund Denmark invests in research and innovation projects with a view to strengthening growth and employment in Denmark and to solve societal challenges. A main precondition for this is documentation of the fact that the projects produce a social return, which both in the short and long run creates value for Denmark. Therefore, in June 2016 Innovation Fund Denmark issued a publication offering insight into how the fund monitors, measures and documents the impact of investments.

    Measuring the social return of individual projects accurately is a complex task, as the results may be multifarious and affected by external factors. The fund’s publication on impact measurement therefore describes to the greatest extent possible the fund’s approach to impact measurement by outlining the methods the fund has found to be the most relevant based on national and international research and in cooperation with the OECD.

    Contrary to private-sector companies, Innovation Fund Denmark does not have a bottom line that clearly shows whether investments have been profitable. Various factors affect the companies’ and research institutions’ activities and thus the effect of projects invested in by the fund. Depending on the category and size of investments, the fund therefore explores the individual projects to determine their impact – e.g. through interviews with the companies, universities and users of new solutions. On a general level and within other project categories the fund performs quantitative analyses of projects. In addition, the publication also mentions a series of associated effects of investments made by the fund. E.g., research and innovation projects based on funds subject to competition contribute to strengthening the innovation and entrepreneurship culture in Denmark.

    At project level, it is the fund’s ambition to see the companies that participate in projects grow and experience significant increased value creation. Find more information under objectives and indicators. At the same time, the aim is to see research results lead to innovation in the future. Impact measurement in Innovation Fund Denmark is an ongoing process, and the fund focusses on collecting and measuring the impact of its activities in close cooperation with Danish and international collaborators with a view to documenting that its investments have a positive effect on society.

     

    Guide to complaints
    Open section, Guide to complaints

    Appeals against decisions from the Danish Innovation Fund may not be brought before another administrative authority, cf. section 23, subsection 1, in Act no. 306 of 29 March 2014 on the Danish Innovation Fund, as last amended by Act no. 1188 of 8 June 2021 on the Danish Innovation Fund. Pursuant to section 23, subsection 2, legal matters in connection with the Fund's decisions as a grant authority may, however, be appealed to the Danish Agency for Education and Research, cf. section 13, no. 5, in Executive Order no. 1574 of 15 December 2017.

    Complaints about legal matters must - cf. section 25, subsection 2 and 3 - submitted in writing to the Danish Innovation Fund, Europaplads 2, 4th floor, 8000 Aarhus C, either per. letter or email to kontakt@innofond.dk, within 4 weeks after the decision has been notified to the parties to the case, cf. section 25 of the Danish Innovation Fund Act.

    When the Danish Innovation Fund receives the complaint, the Foundation must - if it wants to uphold the decision - forward the complaint, the case documents and the Foundation's statement on the matter to the Minister of Education and Research v. The Danish Agency for Education and Research.

    In the event of a complaint, there may be three scenarios that may arise in the complaint process:

    • First, the Danish Innovation Fund may choose not to reopen the case. In this case, the Foundation must forward the case to the Minister of Education and Research v. The Danish Agency for Education and Research as soon as possible after receiving the complaint.
       
    • Secondly, the Foundation may choose to reopen the case and make a new decision, which is now fully upheld by the party. In this case, no further action is required.
       
    • Third, the Foundation may choose to reopen the case and make a new decision that (still) does not fully support the party. In this case, the party can choose to appeal the now new decision. In these situations, the complaint will again have to be submitted in writing to the Foundation within 4 weeks after the decision has been notified to the person in question.

     

    Communication Policy
    Open section, Communication Policy

    Here you can read the Innovation Fund's communication policy, which is a common, overall framework for the foundation's communication. The communication policy was adopted in November 2021.

    Documents
    Contact
    Questions for Innovation Fund Denmark?
    Open section, Questions for Innovation Fund Denmark?

    You can find answers to most questions on our website.
    Before contacting us by telephone, we would like you to be check the information about the relevant programme and it's guidelines.

    Contact 

    T: +45 61 90 50 00 

    E-mail: kontakt@innofond.dk

    Phone hours

    General information:
    Monday - Thursday: 9.00-12.00
    Friday: 9.30-12.00
     

    telephone hours in Innovation Fund Denmark

     

    E-grant technical questions?
    Contact e-grant support 
    T: +45 33 92 91 90 
    E-mail: Support.e-grant@ufm.dk
    Weekdays: 9.00-12.00

     

    If you have submitted an application or have a grant from Innovation Fund Denmark, please contact us via your case in e-grant.

    Addresses
    Open section, Addresses

    Aarhus (HQ)
    Europaplads 2, 4. sal
    8000 Aarhus C

    Copenhagen
    Haifagade 3
    2150 Nordhavn

    Aalborg
    NOVI 1
    Niels Jernes Vej 10
    9220 Aalborg

    Press contact
    Open section, Press contact

    Press and Communication Officer, Tue Germundsson 
    Phone: +45 6190 5087
    Mail: tue.germundsson@innofond.dk

    Press and Communication Officer, Birgitte Wulff
    Phone: +45 6190 5011
    Mail: birgitte.wulff@innofond.dk 

    Secure email and digital mail
    Open section, Secure email and digital mail

    Secure email and digital mail

    If your enquiry to Innovation Fund Denmark contains sensitive or confidential information, you must use secure electronic mail.

    A regular email address is generally not encrypted and is therefore not secure. 

     

    Send secure electronic mail via Digital Post

    Via Digital Post, citizens and companies can send messages securely to Innovation Fund Denmark. It is possible to see which mailboxes you can send Digital Post to in Innovation Fund Denmark via the Digital Post address book.

    Send secure electronic mail via a professional secure mail solution 
    Via a professional secure mail solution, companies and authorities can send secure mail to one of the mailboxes below if they have customised their software to send secure emails. It is only possible to send securely if you encrypt the email when you send.

    How we handle secure electronic mail at Innovation Fund Denmark
    When you send secure electronic mail to Innovation Fund Denmark, it is received in a secure main mailbox. We make sure that the mail is forwarded securely to the relevant employee. You can make our work easier if you write who or which area the enquiry is for.

    When we receive secure electronic mail, we will generally also reply via secure electronic mail.

    Employees
    Open section, Employees
    EAN and CVR
    Open section, EAN and CVR

    EAN: 5798000432864

    CVR: 29035695

    Logo and guidelines
    Download logo in different formats
    Open section, Download logo in different formats
    Guidelines for mentioning investments where Innovation Fund Denmark participates
    Open section,  Guidelines for mentioning investments where Innovation Fund Denmark participates

    When referring to projects with investment from Innovation Fund Denmark, the people involved must always ensure that it is clear that this is a project together with Innovation Fund Denmark.

    The English term is: Innovation Fund Denmark

    When Innovation Fund Denmark is mentioned on websites, publications, presentation plans, brochures and the like, please use the official logo.

    Please refer to Innovation Fund Denmark's website with the following address: www.innovationsfonden.dk

    By mention in articles, Powerpoints and other forms of documentation. Please use the following text:

    Acknowledgments: «This work is partly funded by the Innovation Fund Denmark (IFD) under File No. ___. "

    Please use following fact box  about the fund if needed: 

    Innovation Fund Denmark
    Innovation Fund Denmark invests in entrepreneurs, researchers and businesses that create value for Denmark and new solutions to our society’s biggest challenges - and supports the development of new knowledge and technology creating growth and employment in Denmark.

    Samarbejder
    Danish Innovation Sounding Board
    Open section, Danish Innovation Sounding Board

    Innovationsfonden har samlet aktørerne i det danske forsknings- og innovationssystem i Danish Innovation Sounding Board. Det er sket som led i implementeringen af fondens nye strategi. Panelet skal bidrage til at sikre, at strategien er forankret i det samlede innovationssystems behov og muligheder og bane vej for at realisere det store innovationspotentiale i Danmark. Panelet mødes flere gange om året. 

    Se listen over medlemmer her

    Grøn projektbank
    Open section, Grøn projektbank

    www.grønprojektbank.dk

    Grøn projektbank er et samarbejde mellem Miljø- og Fødevareministeriet og Innovationsfonden under Uddannelses- og Forskningsministeriet.

    I Grøn Projektbank kan du finde alle projekter med støtte fra GUDP og MUDP samt Innovationsfondens bioressourceområde i databasen.

    Grøn Projektbank blev etableret i 2019.

    Virksomhedsguiden
    Open section, Virksomhedsguiden

    https://virksomhedsguiden.dk/erhvervsfremme/content/

    Virksomhedsguiden er et digitalt redskab for virksomheder og erhvervsfremmeaktører, der samler indhold og tilbud på tværs af myndigheder og erhvervsfremmeaktører til gavn for virksomhederne.

    Virksomhedsguiden samler vejledning på tværs af 16 forskellige myndigheder, de 6 nye erhvervshuse, kommunerne samt erhvervsfremmetilbud fra over 80 erhvervsfremmeaktører.

    Virksomhedsguiden blev etableret i juni 2019.

    Publications
    Reports, evaluations and other publications
    Open section, Reports, evaluations and other publications
    Social Media
    Follow Innovation Fund Denmark
    Open section, Follow Innovation Fund Denmark