Innovation Fund Denmark (IFD) funds projects only if at least one Danish industrial partner is participating. IFD can fund all types of partners and encourage large enterprises, universities, research organisations as well as SME’s to participate in the call.
IFD can fund up to €300.000 to a Danish partner and up to €500.000 to all partners if there is more than one Danish partner in an application.
IFD asseses all projects with Danish partners.
IFD will prioritize projects:
- demonstrating a clear benefit of the international cooperation to the Danish partners
- having a significant impact on knowledge based growth and employment in Denmark
Please read more about the Danish funding rules for international projects.
De minimis funding (Optional): As an alternative to the above mentioned public investment under the General Block Exemption Regulations (GBER), Danish enterprises can choose to be financed according to The European Commission’s de minimis regulation. If the de minimis regulation is applied, the maximum investment for a three-year period is 200.000€ (app. DKK 1.5 mil). Under the de minimis regulation, salary is calculated based on a fixed rate of DKK 750 (app. 100€) per hour including overhead. Other costs are calculated as actual costs without overhead. IFD’s funding rates for de minimis are 60% of the calculated cost for basic- and industrial research and 33% for experimental research activities.
- A Danish enterprise participating in an international application must have a turnover of at least DKK 2 mio. Or, in the preceding financial year, have attracted an investment of at least DKK 500.000 or have an equity of at least the same amount.
- Danish Start-up companies existing for less than 3 years, must document an ability to self- fund their part of the project not including other publicly funded projects, but considering that they also have to fund their share of such projects. IFD strongly recommends all Danish enterprises to check their financial eligibility. It is recommended to use the financial viability checking tool developed for the Eurostars programme.
- The definition for SMEs and large companies follows the EU definition.
- The state aid rules apply for the programme, including the definition of “an undertaking in difficulties” (Commission Regulation (EU) No. 651/2014 of 17. June 2014, article 2, paragraph 18)
- Danish SMEs or “single undertakings” as defined in article 2.2 in the regulations for de minimis, can only participate in one application per call. (Commission Regulation (EU) No 1408/2013 of 18 December 2013).
- Partners funded by IFD must be registered as Danish legal entities, have economic activities in Denmark and the activities funded by IFD and EU must be conducted in Denmark.
- Subcontracting must be clearly described in the application and in the budget overview or approved (using the formal change request format) by IFD.
- The consortium should include at least two companies from different EUREKA participating countries. The participation of research institutes/universities is welcome according to each country’s funding regulations.
- The project partners must express their willingness to cooperate, on a win-win/fair basis in the development of a new product, industrial process Industry standard or service.
- The product, process or service must be innovative and there must be a technological risk involved.
- The project should benefit all involved partners in a well-balanced consortium. SME’s are explicitly encouraged to participate in the proposals.
- The project should generate an obvious advantage and added value resulting from the technologic cooperation between the participants (new technologies, standardisation, prototyping, field trials, new or improves products, increased knowledge, access to R&D infrastructure etc.).
- Economic and Societal benefits to be obtained (where relevant) must be highlighted in the project proposal.
- A project consortium or cooperation agreement (PCA) must be signed between the project partners as soon as possible after the project starts. PCA templates are available for use if required.
Any organisation whose collaborative industrial research and innovation project is consistent with the above criteria can apply to the Call and funding could be provided by each funding agency afterwards in accordance with their national participation procedures, and subject to budgetary availability.
Each participating funding body may apply additional eligibility criteria based on their national regulations. Applicants are strongly advised to contact their funding body, prior to submitting their application, to discuss their project idea and check the national eligibility criteria which would apply to their participation in the project.
Partners from other EUREKA countries or countries outside of EUREKA can also participate, but funding must be secured within these countries.
