The Innovation Incubator Scheme

Professional support for early stage start-ups

Four incubators provide professional counselling, pre-seed and seed capital for entrepreneurs and new innovative enterprises. The innovation incubators operate at the earliest stage of the investment chain, where venture capitalists and other private investors are reluctant to engage.

What does the funding cover:

The innovative incubators can engage financially three successive stages:

1) Pre-investigation

A preliminary analysis and evaluation of the technological perspectives and commercial potential of the project (due diligence). In average an amount of 80.000 DKK can be allocated for this stage.

2) Primary project funding

Pre-seed funding for the initial capital injection and early stage development activities in the start-up. On behalf of the government the incubator in this stage can invest a maximum of 3,5 million DKK in the form of loans or equity, provided that a supplementary private investment is raised equalling 18 percent or more of the total primary investment.

3) Secondary project funding

Seed funding for further development activities. On behalf of the government the incubator in this stage can invest a maximum of 2,5 million DKK in the form of loans or equity, provided that a supplementary private investment is raised equalling 60 or more percent of the total secondary investment.

About the scheme:

In legal terms, the innovation incubators are private limited companies approved as operators by Ministry of Higher Education and Science following a European public procurement. Currently, the scheme is financed by a national budget grant of approximately 200 million DKK annually (similar to 25 million €).

Who to contact:

For further information please contact the individual innovation incubators:

last modified Oct 17, 2017