WHO CAN APPLY?
You are qualified to join InnoFounder if:
- You have graduated with a public tertiary degree, a PhD degree or accredited private degree (i.e. a degree carrying entitlement to a Danish student grant) no longer than 12 months ago, counted from the date of graduation to the application deadline.
- You are a student of such a degree, graduating no later than the start date of the InnoFounder course for which you apply.
You can apply as a single founder or as a team. For full information, make sure to read the guidelines.
The InnoFounder incubator is based on creative problem-solving. For the first 6 months, we focus on making sure that you design the right thing – understand your users and the value you create for them. For the next 6 months, the focus is on designing the thing right – that your product/service and business model is on point.
During the 12 months of InnoFounder, you will have biweekly meetings with your mentor, participate in workshops roughly every second month and get the chance to pitch for investors at the final Demo Day.
We offer our InnoFounders access to co-working spaces in Denmark's largest cities.
INCUBA has strong collaborational ties to the research community and the healthcare sector. INCUBA has its own StartupLab which is an accelerator that houses many former founders.
StartupWorks is an incubator environment for ambitious startups with global ambitions. To increase their possibilities for success, the residents share knowledge, experience, ideas, motivation and resources.
Sønderborg Entrepreneur Service, Sønderborg
Sønderborg Entrepreneur Service is a vibrant, knowledge sharing and dynamic environment for entrepreneurs and startups offering counselling, courses, professional advice, Network- and Pitch Cafe, workshops & workspace.
BLOXHUB Startup Campus, Copenhagen
BLOXHUB Startup Campus is an integrated part of BLOXHUB, providing the startup's access to an interdisciplinary innovation environment consisting of startups, SME’s, public organizations as well as large enterprises.
DTU SkyLab, Lyngby
Skylab is DTU's melting pot for student innovation and entrepreneurship, providing free access to all their workshops; metal, wood, welding, rapid prototyping (3D printing, laser cutting and 3D scanner), electronics, design lab, wet lab and Foodlab.
Coworking Plus, Odense
Coworking Plus is a state-of-the-art co-working space integrated in the local startup community, Startup Odense. Here, the InnoFounders will establish strong ties with other startups and tech companies, PR and marketing people, and the surrounding large-scale companies.
Here is all the current listings and application deadlines of future investments
Head of Incubator
Head of Mentoring
Head of Programme
Head of Programme, Innovation Fund Denmark
Head of Operations & Communications
Programme Manager, The Danish Design Centre
Alexander Horten, Investment Manager, SEED Capital
Christian Lund, Co-founder & CPO, Templafy
Jesper Theil Thomsen, Co-founder & CEO, SOUNDBOKS
Kirsten Drejer, Co-founder & CEO, Symphogen
Mattias Vilhelm Warnøe Nielsen, Lawyer, Partner, Moalem Weitemeyer Bendtsen
Sasja Dalgaard, Investment banker; Partner, Tofte & Company
Steve Bishop, Entrepreneur & advisor; Founder, Posit Design
Tommy Andersen, Managing Partner, byFounders; Business Angel; Co-founder & former CEO, Libratone, Embedit & TechPeople
As Denmark’s national design centre, it is the Danish Design Centre‘s mission to promote the use of design in business and industry and to help professionalise the design industry.
Copenhagen Institute of Interaction Design is an international hub of creative minds. CIID encompasses world-renowned education, a cutting-edge research group, an award-winning consultancy and a startup incubator.
1.1 Who can apply to join InnoFounder?
You can apply to become an InnoFounder if you have graduated no longer than 12 months before the application deadline with a public tertiary degree, a pHd degree or an accredited private degree (i.e. a degree carrying entitlement to a Danish student grant). The educational institution must be Danish.
1.2 I’m still a student. Can I apply?
You can apply if you are a student and will graduate no later than the starting date of the InnoFounder course which you are applying for.
1.3 I’m a foreign citizen. Can I apply?
Only foreign citizens who have obtained their degree at a Danish educational institution may apply for admission to the programme.
1.4 I’m studying an HD. Can I apply?
No. InnoFounder targets graduates from tertiary degrees.
1.4 I meet the requirements for applying, but I’m going to continue studying. Can I apply anyway?
Yes – but only if you will be able to work at least 37 hours per week on InnoFounder. This means that a full-time study is not possible.
1.5 I graduated more than 12 months ago but have been on maternity leave. Can I apply?
Yes. The time you spent on maternity leave does not count and can be subtracted from the 12 months.
1.6 I haven’t received my graduation certificate yet. What do I do?
If you haven’t received your certificate yet, you can attach another kind of documentation that you have finished or will soon finish your studies, e.g. a preliminary approval, an overview of your ECTS points so far or a written statement from your study administration.
1.7 How far ahead will I need to be with my business idea?
There are no specific requirements on this issue, but accepted ideas will typically have reached a certain state of maturity and been through initial tests, developed proof-of-concept or an early prototype, so that the InnoFounder course will build upon an existing fundament. Check out the assessment criteria in the guidelines point 4.
1.8 Is InnoFounder targeted specific kinds of businesses?
No, there is no limitations to what kind of ideas we support, as long as the idea is innovative and scalable. Check out the assessment criteria in the guidelines point 4.
1.9 I’ve already set up my business. Can I apply?
Yes, you can apply even if you are already CVR registered. But your company must be in the early stage where it still requires some development before the product, service or technology is ready to go to market – and external funding has not been granted to a large extent. If you’ve already set up your company you must be a founder and own at least 25%
1.10 I’m a co-founder, but I own less than 25% of the company. Can I apply?
As a general rule, no. However, if you own close to 25% and under special circumstances, we might make exceptions. Please contact us!
1.11 Must the application be written in Danish or English?
That’s up to you. There is both an English and a Danish version of the application form.
2.1 Can my startup apply as a team?
You can apply as a team of up to three people.
2.2 We are a team of three, and two of us are foreigners studying in Denmark. Can we all apply?
Yes, foreigners with a Danish education are welcome to apply, and you can apply in a team of up to three people. Be aware that non-European citizens need to apply for a special residence and work permit for entrepreneurs in Denmark.
2.3 We’re a team of three but only one of us live up to the requirements for applying. Can we all apply as a team?
No, if you want to apply as a team you must all live up to the qualifications. However, the one from your team who does live up the the qualifications are very welcome to apply on behalf of the team and its business idea.
2.4 Can my non-InnoFounder team members join meeting, workshops, the co-working space etc?
You are very welcome to bring your team member(s) to workshops and meetings. You team member(s) must pay for their spot at the co-working space but we have negotiated some very favorable prices.
3.1 Can I join even though I live far from Copenhagen?
Yes. You will, however, be required to travel to meet your mentor (who will be located in one of Denmark’s four biggest cities) at least every second week and be required to travel to Copenhagen approximately once a month for workshops.
3.2 How often do I have to travel to Copenhagen?
At a minimum once a month, depending on where your mentor lives. You will be responsible for arranging food and lodging for yourself.
3.3 How much of my time does the InnoFounder course take up?
InnoFounder is a full-time occupation. Participating in an InnoFounder course requires you to be able to work full-time (37 hours per week) on your startup during the 12 months of the course.
3.4 What if I am going on vacation?
Vacations are in accordance with the Annual Vacation Act (up to 25 days a year). Vacation can not collide with any InnoFounder activities.
3.5 Is attendance to InnoFounder activities (workshops, mentor meetings) mandatory?
Yes. If you are admitted, being an InnoFounder is your job. You must attend all InnoFounder activities, and do so with curiosity, willingness to learn and contribute, and in general with a positive attitude.
3.6 Will the programme be in English or Danish?
All communication from InnoFounder, including all workshops, is in English.
3.7 Will I meet investors?
Yes. Many of our domain experts who you will meet at the monthly workshops are investors. You will also meet investors at both the mini demo day and at the demo day. On top of this, your mentor will introduce you to the InnoFounder network of significant local business angels and local as well as international VCs.
4.1 If we apply as a team, will all of us get the monthly salary and the special grant?
Yes, you will each get both the monthly salary of DKK 15,000 and the special grant of DKK 35,000.
4.2 What can I spend the monthly salary of DKK 15,000 on?
The salary is for covering your living expenses. Consider it as you would a normal salary.
4.3 What can I spend the Special Grant of DKK 35,000 on?
The special grant can be spent on buying services, materials and transport relevant to developing your business idea. However, it cannot be spend on goods such as computers, phones, food and so on. You will need to account for how you spend the special grant. See the guidelines point 6.1.
4.4 Am I allowed to earn money on top of the funding I get from InnoFounder?
You are allowed to earn a maximum of DKK 10,000 a month on top of the money you get from InnoFounder. This includes salaries from your own company. You are not allowed to earn more than DKK 5,000 a month from part-time jobs not related to your own company.
4.5 Do I pay taxes of the money I get from InnoFounder?
The monthly salary must be reported as B-income.
The grant can be paid either to you as a private person or to your company. Grants paid to you as a person can cover VAT-expenses and is reported to SKAT as taxable B income through your CPR number. Grants paid to your company cannot cover VAT-expenses and is reported to SKAT through your company’s CVR number.