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Aarhus University, 30th March 2016

Anitha K. Sharma; Scientific Officer

Innovation Fund Denmark

Introduction

• About us

• Three entries

Grand Solutions

• Calls & characteristics

• What are we looking for?

• Deadlines and process in 2016

Wrap up - Questions

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Growth and employment through knowledge

We invest in entrepreneurs, researchers and enterprises with the knowledge and right ideas to generate

Growth and employment in Denmark

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Transforming ideas into value for business, science and society

Value proposition

We want to make it as easy as possible for you to secure co-investment for your talent, concept or project

We want interaction to be straightforward and efficient

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Private-sector

Public-sector system

Non-financial enterprises

The Danish Council for Independent Research

National Research Foundation

Development and demonstration programmes

Market Development Fund

Danish Growth Fund

Innovation incubators

Business development centres

Private funds

Financial institutions

Basic research Applied research Development Commercialisation & implementation

Value chain

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An integral part of the Danish innovation systemThe Value Chain

Innovation Fund Denmark

Board of Directors and Management

Management

Peter Høngaard Andersen Managing Director

Board Members

Peter Kurtzhals

Senior Vice President of Diabetes Research, Novo Nordisk A/S

Claus Hviid Christensen

Trine Winterø

CEO, MedTech Innovation Center

Claus Jensen

Union President, Danish Metalworkers’ Union

Chairmanship

Anne Skriver

Vice President, Innovation Dairy, Chr. Hansen A/S

Corinna Cortes

Head of Google Research, New York

Flemming Besenbacher(Vice-Chair)

Professor, Aarhus University, Chairman of the Board, Carlsberg Foundation

Anja Boisen (Vice-Chair)

Professor, DTU - Technical University of Denmark

Jens Maaløe (Chair)

President and CEO, Terma

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Tore DuvoldExecutive VP

Hanne HarmsenVP

Pernille RypeVP

René LundgrenVP

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Three entry points

Talent

InnoBooster

Grand Solutions

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Talent - Industrial Researcher Gain industry experience, while also conducting research at the university

Industrial PhD or postdoctoral project (1-3 years)

Candidate, company and university

Open to all thematic areas

Application: March 7th & September 19th (incl public projects)

IFD funds 50% of salary, university fee and travel/conferences

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Entrepreneurial PilotFocus on graduates

Aspiring entrepreneur – newly graduated

Monthly grant and guidance

Open for all areas

40 entrepreneurial pilot grants per year

Success rate approx. 7 pct

Application: April 1st & October 12th

A monthly grant of DKK 14,500 for up to 12 months

A subsidy of DKK 35,000 for materials, equipment and consulting services

Workshops and individual counseling

A personal mentor. For example a successful company owner, who also started out as an entrepreneur

Access to office and meeting facilities

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InnoBooster

A tool for SME, Startups or University Spin-outs

Simple application – 50.000 up to DKK m 5

No deadlines – fast answers

Success rate: approx 25%

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University spinouts

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CVR

Turnover of 2 mio. DKK during the latest financial

year, or external capital of at least 500,000 DKK

Start-ups (max 3 years old)

• Team with strong and relevant competencies

• Significant results in terms of research,

development or market penetration

Larger amount – higher expectations!

International collaborations

Foreign partners in projects funded by IFD

Co-financed projects: Euro Stars & ERA-Net

International networks and bilateral cooperation (countries such as China, Korea, India and Brazil)

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2016

Grand Solutions Characteristics

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The entire value chain

IFD investment from DKKm 5 and up

Ambitious

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Grand Solutions 2016

Food, Resource-effective Biological Production

CallsThemes

AmountMio. kr.

ICT, production og materials (Strategic Growth Technologies)

Psychiatry

Health and Clinical Research

Energy

Environmental technologies

Transport and Infrastructure

Tourism

Future Welfare: Elder services and school readiness

Open Call

Space – to be announced

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70

30

80

70

21

80

20

10

25

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Timeline for Grand Solutions 2016

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The competition in 2015

• Two-phased application scheme with international peer review

• 557 phase 1 applications

• DKK 8.3 billion applied

• 148 applicants invited to submit a phase 2 application

• 63 projects to obtain an investment

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Grand Solution Projects in 2015

Investments in a value chain

Universities receive 61 % of the IFD funds

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144

119

100

61

46

12

6

4

33

21

18

13

9

1

3

0

DTU

KU

AU

AAU

SDU

CBS

RUC

ITU

Grand Solutions2015Universiteternes aktivitet og succesrate i alt

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Phase 1: number of applications where universities participated

Contract negotiations: number of applications where universities participatedib

Succesrate

23%

18%

18%

21%

20%

8%

50%

0%

How do we assess?

Quality and novelty/originality• Clear objectives• Quality of scientific hypothesis• Excellence in science and technology• Dream team

Strategic significance and impact• Solutions to unmet needs• Can the results lead to innovation in other field?• Value for society, academia and industry

Efficiency and implementation• Execution, risk assessment and organisation• Economic efficiency• Implementation• Beneficiary/ user

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Value Chain

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Basic research Applied research Development Commercialisation & implementation

Value chain

Innovation Fund Denmark

What we do – and don't

We do• Invest in focused innovation projects and prepare them for the next investor• Invest at any point in the innovation value chain: from applied research over

development to commercialization/implementation

We don´t – and cannot• Pick specific technology and innovation winners• Support basic research or general education

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Keywords worth knowingSummary

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Value creationValue chain

Realisation

Risk management

Ambition

Follow up

Dream Team

Business

Benefit for society

Implementation/Commercialization

Research/Innovation

Succesful projectsOn-going projects

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Basic research Applied research Development Commercialisation & implementation

Value chain

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