National Grants and Funding Agencies
Innovation Fund Denmark (Innovationsfonden)
Denmark’s main public innovation agency, allocating ~DKK 1.7 billion annually, with multiple schemes aligned with green transition, digitalization, and societal challenges.
Innobooster – Grants from DKK 200 000 up to 5 million for innovative projects that develop new products, services, or processes. Innobooster funds ~35 % of eligible project costs, meaning companies must co-finance the remainder. Projects last up to two years. Eligible applicants are SMEs (< 250 employees, < €50 M turnover). The 2025 calls opened 4 Mar–12 Aug and reopened 14 Aug.
Website: innovationsfonden.dk

Innofounder – A 12-month incubator program for graduates and researchers founding startups. Provides a monthly stipend of DKK 27 500 per founder (up to three founders) plus a DKK 100 000 development grant. Requires that applicants own ≥ 12.5 % of the company and commit full-time. Round 1 of 2025 ran 28 Jan–25 Feb; a second round is expected in autumn.
Website: innovationsfonden.dk

Grand Solutions – Large collaborative R&D projects between companies, universities, and organizations. Grants range DKK 5–40 million per project with durations of 1–5 years. Co-financing depends on partner type (SMEs can receive 35–75%, large companies 25–65%, research institutions up to 90% plus overhead). Calls in 2025 include digital technologies, quantum, and green research.
Website: innovationsfonden.dk

EUDP (Energy Technology Development & Demonstration Program) – Supports green energy innovation from lab to real-world pilots. Typical project support is DKK 5–50 million, funding intensity from 25–90% depending on partner type. In 2025, the first call budget was DKK 300 million; a second call is expected in autumn. Focus: renewable integration, Power-to-X, energy storage, heavy transport.
Website: eudp.dk

MUDP (Environmental Technology Program) – Supports development, testing, and demonstration of environmental tech. DKK 135 million allocated in 2025: 8 M for pre-projects/ETV, 63.5 M for development/testing, 63.5 M for large lighthouse projects. Deadlines: 9 Apr, 14 May, 27 Aug 2025. Typical grants: 5–10 M DKK.
Website: mudp.dk

GUDP (Green Development & Demonstration Program) – Focused on agriculture, food and bioresources. In 2025, budget is ~130 M DKK with a 15.5 M DKK biosolutions pool and a 25 M DKK alternative proteins pool. Typical projects: DKK 250 000–15 M. Deadline: 28 Aug 2025.
Website: gudp.dk

EUopSTART – Grants of DKK 75 000–100 000 to cover up to 50 % of proposal preparation costs for Horizon Europe applications. Max 70 % of the grant can cover consultancy. 2025 deadlines: 25 Feb, 27 May, 15 Oct.
Website: ufm.dk

Microgrants (Mikrolegat) – Student and recent graduate founders can apply for DKK 25 000 (pre-company) or 50 000 (new company) grants. Requires 25% self-financing.
Website: mikrolegat.ffefonden.dk

SME Voucher Schemes
SMV: Digital
Grants to accelerate SME digital transformation (Virksomhedsprogrammet)
DKK 100 000 voucher – For private IT consultancy projects (ERP, CRM, AI, e-commerce, integration). Covers 50% of costs. Calls opened 27 Jan 2025 (projects completed by 30 Sep) and again on 27 Jun 2025 (first-come basis).

DKK 125 000 Robot demo voucher – For borrowing and testing robots in production. Launch date 15 Sep 2025.
SMV: Grøn / Bæredygtighed
Green transition vouchers: DKK 50 000 or 150 000 for consultancy on sustainability, energy, circular economy. Covers 50% of costs. Application window: 6 Feb–13 Aug 2025. Sub-schemes support ESG training (up to 60k) and CO₂ accounting/reporting.
Loans and Public Venture Capital
EIFO – Export and Investment Fund of Denmark
eifo.dk
Formed in 2023 by merging Vækstfonden, EKF, and the Green Investment Fund.
  • Startup & Growth Loans – Risk-tolerant loans with grace periods for SMEs lacking collateral.
  • Matchlån – EIFO matches private investment 1:1 with a loan, doubling capital without dilution. Eligible if startup revenue < DKK 3 million, scalable model, and private co-investor secured.
  • Equity (VF Venture) – Co-invests with private VC in startups, ticket sizes 0.5–20 M DKK.
  • Export credit guarantees (EKF) – Government-backed guarantees covering up to 80–95% of risk on export deals.
  • Green financing – Loans for renewable and sustainable projects, often for cleantech startups.
Website: eifo.dk

IFU – Investment Fund for Developing Countries
Provides loans/equity co-investments for Danish SMEs expanding into emerging markets. SME facility targets firms < 250 employees, < €50M turnover.
Nopef (Nordic Project Fund)
Conditional loans up to €50 000 (50% of feasibility study costs) for Nordic SMEs expanding outside EU/EFTA. Loan becomes a grant if the project is implemented.
Tax Incentives
R&D super-deduction – 108% in 2025, rising to 120% by 2027 .

R&D tax credit (cash refund) – Refund of tax value of up to DKK 25 M in annual R&D losses (cap rising to 35 M).

Qualified employee stock options (Section 7P) – Options taxed at sale as capital gains (27–42%) instead of salary (~55%). Caps: 10–20% of annual salary (up to 50% with conditions). Eligible startups: < 50 employees, turnover < DKK 80 M.

Researcher/foreign expert tax scheme – Foreign hires taxed at flat ~32% (27% + labour contribution) for up to 7 years. Salary threshold ~DKK 75k/month (to be lowered to ~60k by 2026).

Investor taxation – Lower share-income bracket raised to DKK 80k by 2025. Earn-out taxation deferred until payment received.
Regional and Municipal Support
Erhvervshuse (Business Hubs) – Six regional centers offer free guidance, workshops, and help accessing vouchers like SMV:Digital/Grøn.

Regional investment grants – Some regions co-finance 10–35% of SME costs for machinery, product development, or marketing, often EU co-funded.

Municipal competitions and incubators – Local prizes (e.g., Venture Cup ~200k DKK prize pool), subsidised office space, robotics funds in Odense, and creative hubs in Aarhus/Copenhagen.

Startup Denmark visa – Allows non-EU entrepreneurs to relocate and build businesses in Denmark with access to public programs.