Danish Government Reduces Processing Time for Public Funding Applications  

2015.09.04

The Danish Government wants to make it easier for small and medium sized companies to apply for public funding. Therefore, the Market Development Fund now introduces a new procedure that significantly reduces processing time.

Instead of a written application procedure, the companies applying for public funding are now invited to a present their ideas at a meeting face to face. This reduces the average processing time with 6 weeks. As a result, the companies save time previously spent on paperwork and digital procedures and receive their funding faster.

Co-funding, industry partnerships and innovative procurement

The Market Development Fund helps enterprises in Denmark bring their new products to the market faster and makes it easier for public-sector institutions to acquire innovative solutions.

The fund can help companies reach the market faster in three ways. They can apply for co-funding to test and adapt their innovative solution. The Fund can also provide match-funding for crowdfunding projects. Finally, the Market Development Fund can provide a guarantee to give the buyer of an innovative solution peace of mind.

Read more about the three options here:

About the Market Development Fund

In 2015, DKK 135 million were allocated for the Market Development Fund. All companies registered in Denmark can apply for funding but the fund’s main focus is to promote growth, employment and export, particularly for small and medium-sized enterprises within Danish key sectors.

Read more about The Market Development Fund

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