Who can apply and how much can you apply for?

Who can apply for a micro grant?

  • Pupils, students and Ph.D. students enrolled in a full-time education at an educational institution in Denmark
  • Pupils, students and Ph.D. students who has completed their education within the last 3 months at the time of application (the deadline date)
  • The applicant must be at least 18 years of age
  • At least half of the team / company must be students enrolled in a full-time education at an educational institution in Denmark

 

What can you apply for?

You can either apply for a regular micro grant or a SDG micro grant. You can apply for an SDG micro grant if you work with the UN Sustainable Development Goals in your business. Read more about the SDG micro grant here.

 

You can apply without a CVR number (if you are still in the idea phase) or with a CVR number (if you have registered your business within the past year).

 

Without a CVR number, you can apply up to DKK 25,000 to cover the earliest costs before starting your business.

 

With a CVR number, you can apply up to DKK 50,000, which must be used to reach a maturity stage, to obtain other growth capital. This micro-grant requires 25% self-financing on top of the grant.

 

If you have applied and received a grant without a CVR number, you can apply again and have the opportunity to get a grant with a CVR number.

 

Applies to applications with CVR number only:

  • If you have a CVR number it MUST be created for the idea you are looking for and it must not be older than 12 months
  • At least one co-founder of the company (standing as founder of the CVR number) must be a student
  • Applicant must always stand as founder of CVR number
  • Your startup must not have had a turnover above DKKR 50,000 or have received other funding above DKKR 25,000

 

What are we looking for?

  • Students who are driven to create growth dare take the initiative and be brave and innovative
  • Ideas that will benefit noticeably from the Micro Grant and bring the idea closer to the market
  • Companies that have growth potential

Read more here on how to make a good written application and a good video pitch.

 

What can the grant be used for?  

Part of the application process is to submit a budget that shows what the applicant will use the Micro Grant forThe budget is therefore always adapted to the actual needs of the applicant. However, it is important that the Grant is used for activities that will make the idea or business come closer to the market, to proof of concept, growth or job creation. Therefore, these aspects will be taken into consideration in the evaluation of your application. 

  

The Grant can for example be used for:  

  • Prototyping
  • Tests
  • Market research 
  • Pilot tests – for example rent of equipment or purchase of test tubes 
  • Counselling and guidance 
  • Patent application

 

The Micro Grant CANNOT be used for:

  • Travelling and hotel accommodation
  • Operation costs and administration of the business (including computers/telephones, salary for team members, rent of premises, office furniture or other equipment)
  • Establishment of Aps and payment of vat
  • Expenses in relation to competitions
  • Expenses already incurred at the time of application.

 

Confidentiality – who reads your application? 

The Danish Foundation for Entrepreneurship shares the applications with members of the Evaluation Committee. Members of the Evaluation Committee may differ from one application round to the next. 

 

We recommend that applicants do not include valuable business insights (such as technical details about a new invention) in the business plan and only discuss business ideas at a general level. Only very rarely are business details crucial for whether or not the grant is awarded. 

 

Moreover, the Evaluation Committee members review a large amount of business plans every year, and many business plans resemble one anotherToo detailed business plans will therefore mean an extra work load for the evaluation committee members. 

 

 We also recommend that you add a code to your video pitch (YouTube and Vimeo) if you are working on an idea, where you intend on applying for a patent.