GOVERNMENT INITIATED CAPITAL SOURCES
Several government initiated funding possibilities exist
Vækstfonden (The Danish Investment Fund)
Vækstfonden is one of the largest investors in the Danish venture market with altogether commitments of DKK 3.8 billion to 19 venture funds. It is a government backed investment fund, operating independently in the capital market. The fund facilitates the supply of venture capital in terms of start-up equity and high-risk loans and provides financing on commercial terms.
The overall aim of the fund is to invest in high-risk projects where the ordinary capital market hesitates to participate. Vækstfonden is organized around five business areas: Growth capital, Partner capital, Funds of funds, Need driven ventures and Vækstkaution (Loan guarantee).
Go to varkstfondon.dk or download fact sheet "Venture Capital".
Eureka
Danish companies participating in Eureka-projects can apply for venture capital at Vækstfonden. Eureka-projects are cross-border collaborations between companies in EU countries or other Eureka countries, including Iceland, Norway, Russia and Turkey.
Eureka-projects must be aimed at developing high-tech products; processes, systems or services and involve companies from at least two different EU or Eureka participating countries. The loans are provided with regards to Vækstfonden’s general conditions and the Eureka-status is not a guaranty for attaining a loan.
Go to varkstfondon.dk
Pre-seed Capital through Incubators
Incubators administer pre-seed capital through a programme initiated by the Ministry of Science and Technology.
The incubators have different focus areas and are placed in innovative environments close to universities. They can provide offices, technical equipment and laboratory facilities for entrepreneurs.
The publicly supported incubators in the Copenhagen area are CAT Innovation A/S and DTU Innovation A/S.
