New impact tool to measure the value of Innovation Fund Denmark’s investments
December 12. 2024
Innovation Fund Denmark is launching a new impact framework to help document the societal value of the Fund's investments.
Innovation Fund Denmark has developed a new framework tool designed to measure the progress of the projects invested in by the Fund. It will also ensure that the results of the Fund’s investments are documented and made visible.
- Innovation Fund Denmark was created to generate growth and employment and find solutions to society’s challenges. In order to document the value generated by the Fund’s investments, we have developed a framework tool that will help us identify the outcomes and successes of the projects, says Cecilie Brøkner, Director of Innovation Fund Denmark.
With the new impact framework, both applicants and grant recipients will have a stronger focus on the societal impact of their projects. Leaders and employees at Innovation Fund Denmark can also use the tool to continue learning and developing practices so that public funds support projects that create the greatest possible impact.
Facts
The development of the Innovation Fund’s impact framework was based on workshops with employees and leaders of the Fund’s seven programs (Grand Solutions, Innomission, International Collaborations, Innofounder, Innobooster, Innoexplorer, and Industrial Researcher) and with support from Pluss Leadership. Additionally, it involved dialogues with impact officers from several public and private funds in Denmark and the Nordic region.