With the Innobooster People, Innovation Fund Denmark wants to support knowledge-based Danish start-ups in their development following the difficult financial situation caused by COVID-19. With this initiative, the fund is focusing on promising start-ups that have already obtained a validation of their solution in the form of either external capital inflows or turnover.

Companies can apply for salary subsidies of up to DKK 30,000 per month, per employee for 12 months for 1-3 full time development staff with higher education. Each company can apply for a maximum of DKK 1,080,000 and receive a maximum of 1 grant.

Who can apply?

To be considered, your company must have:

• Danish cvr no and be under 5 years old
• Attracted capital of min. 500,000 DKK in the form of convertible loan, equity capital from an external investor or from a public research, development or innovation program or has achieved a turnover of at least 2 million DKK in the last financial year
• Under 50 employees, and a maximum of 74 million DKK in annual turnover or annual total balance sheet
• The company must not have taken over another company's activity, distributed profits or been created through a merger