The Market Development Fund
The Market Development Fund helps companies bring their new products to the market faster.
The aim of the Market Development Fund is to promote growth, employment and export, particularly for small and medium-sized companies in areas where Denmark has particular strengths and potential. The Market Development Fund co-finances projects in which private companies together with possible end-users can test and adapt innovative solutions (products or services) to the market. In order to apply for co-funding, the following is required:
- You must have a private company with a Danish CVR number
- A minimum of two employees
- A project budget of 3 mio. DKK or higher
- At least one test-user that is willing to test your solution as part of the project
The application process is inspired by the way in which private companies usually seek funding. This entails a phone interview and a possible pitch session with the fund. The next call for applications will take place in the spring of 2017.
The Market Development Fund is the result of a reorganization of the Business Innovation Fund. With its commercial focus, the Market Development Fund has a unique position in the Danish innovation system as other subsidy schemes focus on the early developmental phases. The Market Development Fund takes over where R&D and demonstration programs stop in order to assist in the final market adaptation of companies’ innovative new solutions.
If you have questions, please feel free to call +45 35 29 18 00, or send us an email at email@example.com.