Open Call 2018
With the “open call”, Innovation Fund Denmark (IFD) wishes to invest in projects with a high potential for value creation.
With the “open call”, IFD wishes to strengthen knowledge-based projects that lead to increased growth and employment in Denmark and/or to solve important Danish societal problems. IFD favours outstanding and inspiring projects that may involve a significant risk, but have a correspondingly high potential for value creation.
It is IFD’s objective that investments within the “open call” shall strengthen unusual and value-creating research and innovation projects which cut across professional disciplines and/or which lie outside the theme-specific Grand Solution calls: “New Technological Opportunities”, “The Future Society”, “Green Growth” and “Better Health and Clinical Research”.
IFD invests in projects at all stages of the research and innovation value chain. Thus, IFD invests in both the good project that lacks the final steps to make it ready for successful introduction to the market or for implementation and in 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 take a project all the way through the value chain. Therefore, it is crucial that the project partners themselves have the ability to lift the result onto the market or ensure implementation - or have investors who can invest in or take over the project after
IFD’s investment period.
IFD also favours projects with focus on increased private or public productivity within e.g. administrative, service and financial disciplines and is positive toward e.g. new, disruptive or unconventional business models that will ensure the value creation of the project.
The overall assessment criteria are:
- Quality of research and innovation
- Value creation
- Efficiency and implementation
In connection with applications for the Grand Solutions 2018 “open call”, value creation is to be understood in broad terms as targeted activities that lead to increased growth and employment through e.g. development of new products and services, creation of more and more intelligent jobs, increased productivity, fewer societal costs, reduced resource consumption or environmental impact as well as to solutions to major societal problems.
The partners must account for the specific value creation of the project. Value creation should not be understood as just monetary value, but may also be e.g. increased quality of life, cleaner environment, etc. It is the applicant’s responsibility to account for the different types of value creation.
From IFD’s side, emphasis will be the potential of the project to create measurable value for Denmark and the Danish society. The project potential must be significant and result in new solutions or products, e.g. by development and use of new unconventional, possibly disruptive business models, methods, smart regulations, etc.
Specifically, the applications will be assessed based on the qualities of the project in terms of research and innovation in a global perspective in relation to an articulated or latent need, state-of-the-art, directly competing or closely related scientific or technological solutions, the scalability of the solution, technical, regulatory and market risks, the risk management of the project plan as well as feasibility. In addition, the development rate, the effective use of invested resources, managerial and professional skills and the subsequent effective implementation of the project results nationally and/or globally will be carefully assessed. The value creation of the project will be assessed in relation to the size of the investment.
Likewise, it will be emphasised that the project’s beneficiaries/end-users and core stakeholders contribute to the formation of the project, participate in the project or are otherwise directly involved in the project, e.g. through investments.
In addition to the above assessment criteria, reference is made to “Guidelines for Grand Solutions 2018”.
This application is part of
Grand Solutions 2018
- Call 2018: Open call
- Application deadline: 14 August 2018,at 12:00 CET
- Grand Solutions: Typical duration 2-5 years
- In 2018, the budget is approx. DKK 100 mill.
Allocation of funds will be made on the basis of the 2018 Finance Act.