With Grand Solutions, Innovation Fund Denmark (IFD) wants to invest in ambitious innovation projects with excellent science and strategic research that contributes to create new and tangible solutions to important societal challenges and creates value for Denmark.
The FORSK2025 catalogue is the basis and guide for the thematic calls.
By developing new technologies, knowledge and competencies, Danish export, growth and welfare are strengthened and concurrently contribute to handle challenges and protect our nature and environment, and reduce climate change impact from e.g. the transport sector.
With this Grand Solutions call, IFD addresses cross-disciplinary issues, challenges and needs, nationally as well as internationally, where research and innovation is the value creating element for Denmark, through the development of solutions to Danish societal challenges, which – in the short or longer term – will create growth and employment in Denmark.
The Grand Solutions call Green Growth strives to invest in knowledge-based and cross-disciplinary solutions for Danish society, paving the way for unprecedented societal and market opportunities.
Areas of Investments
The call is aimed at innovation projects with specific or cross-disciplinary development of service, innovative products and/or processes within all fields. The ambition is for the results to drive forward the future financial and/or societal development or to find solutions to significant societal challenges, for example by ensuring that Danish public and private companies can maintain and/or develop their competiveness, nationally and/or globally.
The research and innovation effort shall contribute to utilise the Danish potential for developing competitive environmental, energy and transport technologies and solutions that can accommodate the future need for energy, materials, water, transport and mobility, concurrently reducing the load on water resources, the sea, nature and the climate. The research may also contribute to the switch to a more circular economy and may include the recommendations from the Danish National Bioeconomy Panel. The research may at the same time contribute to a resource effective and, not the least, an environmentally and climate friendly production of food and other biological products, including marine resources and development of precision farming.
The research may further strengthen our climate change mitigation and adaptation and include arctic research. It may also contribute to the procurement of means to reach the Danish targets for emission of greenhouse gases (GHG) from farming while considering production and trade. In addition, the research may contribute to the continuing development of sustainable quality construction, construction processes and construction management, physical infrastructure and attractive cities. Please see the FORSK2025 catalogue for further details.
The innovation projects within Green Growth may also support the UN Sustainable Development Goal no. 6 Clean Water and Sanitation, no. 7 Affordable and Clean Energy, no. 9 Industry, Innovation and Infrastructure, no. 11 Sustainable Cities and Communities, no. 13 Climate Action, no. 14 Life Below Water and no. 15 Life on Land.
Theme specific strategy
With the Green Growth call, IFD wishes to invest in projects having a large growth potential, where strategic research and innovation may contribute to creating new, internationally competitive solutions to global challenges in relation to energy, materials, bioressources, climate, environment, water resources, construction, transport and mobility. IFD at the same time wants the projects to support the UN Sustainable Development Goals (SDGs).
The targets for Green Growth are a cost-effective green transition, decoupling of growth from environmental load and an effective resource utilisation towards value creation for a sustainable society. Crucial instruments to achieve the targets are international and cross-disciplinary collaborations. IFD expects large potential in solutions that improve resource utilisation through a circular approach, including the making of new value chains and establishment of new jobs across the recycling chain.
Particularly within the energy segment, there is a need for digitalisation of the energy sector, smart grids, energy storage technologies, including energy conversion, e.g. production of liquid fuels and/or chemical building blocks concurrently with large-scale energy storage (P2X), and development of new, robust business models. IFD investments within the energy segment are coordinated with the Energy Technology Development and Demonstration Program (EUDP), so that the IFD primarily invests up to and including TRL 4, and EUDP TRLs above.
IFD further encourages applicants to submit project proposals addressing the topics described in the five Innovation Challenges, part of the Danish participation in the international Mission Innovation collaboration. The five Innovation Challenges are Smart Grids, Carbon Capture, Converting Sunlight, Clean Energy Materials and Affordable Heating and Cooling of Building.
The Green Growth theme spans quite wide and more details may be found in the theme specific IFD investment strategies within Energy, Environment, Bioresources, ICT, and Digitalisation and Health.
With the Green Growth call, IFD invests in strategic research projects and innovative solutions, which have a clearly defined aim and expected impact. It is important that the aims are clearly defined, and that the path to the goal is substantiated, for example that the project group comprises the necessary competences. The solutions must have considerable societal or market potential – short or long term. It is not a prerequisite that the project leads to a commercial product but it is a requirement that knowledge created in the project creates value by bringing the project forward in well-defined and value-creating steps towards new solutions.
IFD will always prioritise investing in excellent knowledge-based innovation projects providing solutions of the highest quality, regardless of subject and specific field.
The main assessment criteria are:
- Quality of science, research and innovation
- Value creation during and after the project period
- Efficiency of project execution
- Implementation of results
For applications for Grand Solutions 2019 Green Growth, value creation is broadly defined as targeted activities leading to increased growth and employment through for example development of new products and services, creation of more and value-creating jobs, increased productivity, reduced social costs, reduced resource consumption or reduced climate and/or environmental impact and solutions to significant societal issues.
In the application, the partners must describe the tangible value creation in the project. Value creation is not restricted to monetary value but may also be, for example, reduced climate and resource impact, reduced social costs, better health, healthier food, cleaner environment, improved animal welfare etc.
IFD prioritises applications where the project creates measureable value for Denmark and the Danish society. The project must possess considerable potential and result in new solutions or products, for example through development and utilisation of new untraditional, potentially disruptive business models, methods, smart regulations etc.
IFD invests in innovation projects having a clear recipient or beneficiary in mind and potential to become attractive for other investors. The issues and needs must be clear and the solutions should not be previously available (globally). Further, the value creation should be measureable (e.g. reduced environmental footprint, health economic parameters, societal or monetary value).
IFD is willing to invest in high-risk projects if the partners also commit resources and knowledge to the project and if the risk is well described. Thus, the project governance model and quality of the project plan are crucial.
Therefore, it is important that the recipients/beneficiaries and core stakeholders either participate to form the project, participate in the project or are otherwise involved in the project, e.g. through investment, and this will be taken into consideration when assessing the innovation project.
The application will be assessed specifically on the qualities of the project in relation to excellent science, research and innovation in a global perspective with respect to an articulated or latent unmet need, state-of-the-art, directly competitive or similar scientific or technological solutions, solution scalability, technical, regulatory and market risks, risk management in the project plan and project implementation. In addition, development rate, efficient use of invested resources, leadership and scientific skills and the subsequent efficient implementation of the project results nationally and/or globally will be carefully assessed. The project’s value creation will be assessed in relation to the size and risk of the investment.
Reference is made to Guidelines for Grand Solutions 2019.
The allocation of funds is based on the National Budget 2019 and FORSK2025 catalogue as listed in the National Budget, as well as the 2019 Allocation of the Research Reserve.
Applications for Grand Solution must be submitted via e-grant, IFD’s application system. The assessment process is shown below. It is a single phase application process with potential interview.
- 19 February 2019, 12:00 CET
Peer review consultation procedure:
- End of May 2019
Selected applicants are invited to project interview taking place:
- 29 April to 16 May 2019
The IFD Board of Directors decides which applications are subject to peer review and will be invited to an interview at IFD. Applications that are not subject to peer review and not invited to project interviews will receive a letter stating the reason for rejection via the e-grant system in mid-April 2019.
Final decision by Board of Directors and notification to applicants:
- Early June 2019
The peer reviews are sent to the applicant via the project contact person in a consultation procedure. Applicants are notified via e-grant of the decision by the Board of Directors to reject or invite projects to negotiations for an investment agreement.
Deadline for Investment agreement for signature:
- 1 October 2019
- 1 December 2019
The duration of a Grand Solutions project is typically 2-5 years and the budget for 2019 is approx. 150 mill. DKK.
- Guidelines for Grand Solutions 2019
- Guidelines for e-grant
- National Budget 2019
- 2019 Agreement on Allocation of the Research Reserve as well as other research priorities
- FORSK2025, including the listed indicators for the allocation of funds
- IFD Investment strategies for ICT and Digitalization, Energy, Health, Environment, Bioresources and Tourism
- Innovation Fund Denmark 2015 Strategy
- UN 17 Sustainable Development Goals (SDGs)
Thomas E. Mathiasen
Tel: 6190 5063, Mail: Thomas.Mathiasen@Innofond.dk
Tel: 6190 5088, Mail: Brian.Christensen@Innofond.dk
Tel: 6190 5034, Mail: Niels.Langvad@Innofond.dk
Anitha K. Sharma
Tel: 6190 5048, Mail: Anitha.Sharma@Innofond.dk
Tel: 6190 5043, Mail: Bo.Froelund@Innofond.dk
Tel: 6190 5070, Mail: email@example.com
Tilmeld dig nyhedsbrevet og få alle nyhederne fra Innovationsfonden.