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.
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, Odense and Aalborg.
- CEO: Anne-Marie Levy Rasmussen
- Innopartners: Annemarie Munk Riis
- Innostartups: Sidsel Hougaard
- Innobooster Plus: Ole Sinkjær
- Administrative Services: Søren Degn-Pedersen
- Communications: Pernille Rype
Tina Fanø is chairman of Innnovation Fund Denmark and executive vice president of Novozymes, which researches, develops and manufactures bioindustrial products, especially enzymes and microorganisms for, among other things, detergents, food and animal feed. Tina Fanø joined the Board of Directors on April 1, 2019.
Henrik Jørgen Andersen
Henrik Jørgen Andersen is a board member of Innnovation Fund Denmark and Senior Executive R&D Advisor at Arla Foods Ingredients P/S. Henrik Jørgen Andersen joined the Board of Directors on July 1, 2020 for a three-year term.
Christian H. M. Ketels
Christian H. M. Ketels is a board member of Innnovation Fund Denmark and advisor and Visiting Executive at Harvard Business School. Christian H. M. Ketels joined the Board of Directors on July 1, 2020 for a three-year term.
Anne-Marie Engel is Programme Director in Biomedicine & Health Sciences in Novo Nordisk Foundation and joined the IFD Board on 1 April 2017 for a three-year term. She was reappointed for a three-years term which was extended three more years July 1, 2020.
Special advisor for innovation, NATO.
Lars Frølund joined the board of the Innovation Fund on 1 April, 2019 for a three-year term.
Mette Glavind is Vice President at Building and Construction Department at The Danish Technological Institute. Mette Glavind joined the Board of Directors on July 1, 2020 for a three-year term.
Mads Andersen is Group Chairman at the Danish trade union 3F and Vice Chairman at CO-industri. Mads Andersen joined the Board of Directors on July 1, 2020 for a three-year term.
Camilla Haustrup Hermansen
Camilla Haustrup Hermansen is co-owner and member of the board of Directors at the Danish company Plus Pack. Plus Pack is designing sustainable and customized food packaging solutions. Camilla Haunsrtup Hermansen joined the Board of Directors on July 1, 2020 for a three-year term.
Peter Holme Jensen
CEO for Aquaporin A/S
Term of appointment: 15 June 2021 - 14 June 2024
NB: This document is being updated.
Innovation Fund Denmark invests in cultivating and translating ideas, knowledge and technology for the benefit of Danish Society.
Entrepreneurship, partnership and an international outlook thrive so that ideas, knowledge and technologies are translated into viable businesses and innovative solutions for the benefit of society.
Innovation Fund Denmark's investments stimulate:
- Growth and employment
- Solutions to key societal challenges
The objectives are achieved by means of:
- Innovation and technological advances
- Interdisciplinary alliances
- Thriving entrepreneurship
- Research excellence
- A dynamic international outlook
The policy was adopted in August 2020.
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.
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.
Read Innovation Fund Denmark operational check list regarding conflict of interest
According to the Danish Public Administration Act you are disqualified relative to a specific case, if:
- You have a particular personal or financial interest in the outcome of a case or if you have represented any person in the same case with such interests.
- You are married or closely related to a person that has particular or financial interest in the outcome of the case or represents any person with such interests.
- You have previously – or in the current decision – have represented someone wo.
- You are involved in the management of or are otherwise closely associated with any company, partnership, association or other private legal entity with a particular interest in the outcome of the case;
- The case concerns a complaint about or exercise of the control or supervision of another public authority, and the person previously served with that authority and assisted in making the decision or implementing the measures at issue in the case; or
- There are other grounds for questioning your impartiality (see below)
In addition the Public Administration Act, Innovation Fund Denmark has adopted the following principles for disqualification on a decision pertaining to a case. In questions where doubt arises regarding, disqualification, the person in question will leave the room while the question is decided.
If employment at the same public organization (faculty, research unit, institute etc) as the applicant, you are disqualified if:
- The application is within the same research area as yours.
- You are in a management position at a public organization (Dean, Rector or similar) or member of a managing body of a public organization, factuly, PH.D school, Institute etc and the public institution in question is an applicant or a person in the application is under your management.
- The applicant/case has importance for your place of employment, your personal employment or research groups you participate in or recently was a part of.
In employment (including management and board positions9 in the same private unit as a participant of an application, you are disqualified, if the the application has importance for your private unit.
In case of application round with 10 or less applicants
- You are disqualified in relation to an application, you will also be considered disqualified in relation to the other applications if 10 or less applications are competing. If the application you are disqualified for is ruled out of the application process, you can participate in the decision of the remaining applications.
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.
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 email@example.com, 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.
Phone: 61 90 50 00
(9.00 AM - 12 at noon)
Europaplads 2, 4. sal
8000 Aarhus C
Frederiksholms Kanal 30 A4
1220 København K
Cortex Park 26
5230 Odense M
Niels Jernes Vej 10
If your inquiry to Innovation Fund Denmark contains personally sensitive or confidential information, you must use secure electronic mail.
A regular email address is basically not encrypted and is thus not secure.
Send secure electronic mail via Digital Post
Via Digital Post, citizens and companies can send messages securely to the Innovation Fund. It is possible to see which mailboxes you can send Digital Post to in the Innovation Fund via the Digital Post address book.
Send secure electronic mail via professional secure mail solution
Via a professional secure mail solution, companies and authorities can send securely to one of the mailboxes below if they have customized their program to be able to send secure emails. It is only possible to send securely if you encrypt the email when you send.
- Innovation Fund Denmark firstname.lastname@example.org
- Finance and Accounting email@example.com
- Internationale Projects firstname.lastname@example.org
- Innobooster email@example.com
- Innoexplorer firstname.lastname@example.org
- Industrial Researcher Erhvervsforsker@innofond.dk
- Innofounder email@example.com
- Impact Assesment firstname.lastname@example.org
- Innovation Fund DK email@example.com
- Eurostars firstname.lastname@example.org
- Grand Projects email@example.com
This is how we process secure electronic mail in Innovation Fund Denmark
When you send secure electronic mail to the Innovation Fund, it is received in a secure main mailbox. We make sure that the mail is sent safely to the relevant employee. You can make our work easier if you write who or what area the inquiry is for.
When we receive secure electronic mail, we generally also respond via secure electronic mail.
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.
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 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.
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