New Technological Opportunities

Application deadline: 27 February 2020 at 12:00 CET
Grand Solutions project duration: Typically 2-5 years
The 2020 budget is approx. DKK 130 mill.

Innovation Fund Denmark (IFD) invests in ambitious and targeted strategic research and innovation projects that create new solutions, technologies and valuable new knowledge. 

IFD is willing to share a risk with the project partners, when the knowledge level, value creation, project efficiency and implementation of results is correspondingly high.

Objective

IFD’s objective for investments in ”New Technological Opportunities” is to invest in projects that develop knowledge-based and cross-disciplinary solutions to tangible challenges in Danish Society and which – short or long term – will create growth and employment in Denmark. We seek the good idea with great potential for growth and transition within the field of health that can strengthen value creating research and innovation projects.

Investment Strategy

IFD invests in projects at all stages of the research and innovation value chain. Thus, IFD invests in the early strategic research project where targeted efforts and cooperation with the most competent international and/or Danish partners from relevant professional disciplines are crucial as well as the good project that lacks the final steps to make it ready for successful introduction to the market or for implementation.

IFD’s investments often do not take a project all the way through the value chain. Therefore, it is crucial that the project partners themselves have the ability to lift the result onto the market or ensure implementation – or have investors who can invest in or take over the project after IFD’s investment period.

IFD is also positive towards projects focussing on broad societal value creation, including creating the conditions for better and more precise regulation. Humanistic and social science projects that can contribute with valuable knowledge related to e.g. behaviour, incentives, regulations and market conditions are also invited.

Non-limiting examples of areas of investment may be:  

  • Development and use of algorithms for artificial intelligence and Big Data
     
  • Development of other digital areas, e.g. Internet of Things, quantum computing, IT security, blockchain, interaction design, digital transition and drone and robot technology
     
  • Production technology and systems, including digitisation and automation to improve health and safety and prevent attrition in sectors with hard physical work 
     
  • Nano, bio and life science
     
  • Materials technology, e.g. for use within the transport or the construction industry
     
  • Manufacturing processes that can reduce resource use and wast

For further information, please refer to the FORSK2025 catalogue.

Please note that it is possible to apply for the Grand Solutions Call “Research and Innovation Solutions Aiding the Green Transition” if the project proposal addresses new technological opportunities as well as the subjects specifically mentioned in the call in question.

Projects within this call may include ethical and moral aspects of the new technological development e.g. in the use of artificial intelligence and Big Data in a Danish context.

Research within New Technological Opportunities, among other things, may support the UN goals for Sustainable Development No. 8. Decent Jobs and Economic growth, No. 9. Industry, Innovation and Infrastructure, and No. 12. Responsible Consumption and Production.

For further information, please refer to the IFD in-depth strategies and analyses in the areas of Artificial Intelligence, Industry 4.0, ICT and Digitalisation, Energy, Health, Environment, Bioresources, Tourism and Future Society.

Assessment criteria

The overall assessment criteria are:

  • Excellence – Quality of research and innovation
  • Value creation
  • Efficiency of project execution
  • Implementation of results

In connection with applications for the Grand Solutions 2020 “New Technological Opportunities”, value creation is to be understood in broad terms as targeted activities that lead to increased growth and employment through e.g. development of new products and services, creation of more and more intelligent jobs, increased productivity, fewer societal costs, reduced resource consumption or environmental impact as well as to solutions to major societal problems.

The partners must account for the specific value creation of the project. Value creation should not be understood as just monetary value, but may also be health economic parameters e.g. longer life, reduced illness and treatment burden, improved quality of life, cleaner environment, etc.

Specifically, the applications will be assessed based on the qualities of the project in terms of research and innovation in a global perspective in relation to an articulated or latent need, state-of-the-art, directly competing or closely related scientific or technological solutions, the scalability of the solution, technical, regulatory and market risks, the risk management of the project plan as well as feasibility. In addition, the development rate, the effective use of invested resources, managerial and professional skills and the subsequent effective implementation of the project results nationally and/or globally will be carefully assessed. The value creation of the project will be assessed in relation to the size of the investment.

Likewise, it will be emphasised that the project’s beneficiaries/end-users and core stakeholders contribute to the formation of the project, participate in the project or are otherwise directly involved in the project, e.g. through investments.

In addition to the above assessment criteria, reference is made to “Guidelines for Grand Solutions” and the Allocation of the Research Reserve. Allocation of funds will be made on the basis of the 2020 Finance Act.

Assessment Process

Applications for Grand Solutions must be submitted via e-grant, IFD’s application system. The assessment process is shown below. It is a single-phase application process with potential interview:

Grand Solutions: Bedømmelsesproces

The IFD Board of Directors decides which applications are sent for peer review and invited to interview at IFD. Prior to the interview the peer reviews are sent to the applicant in a consultation procedure in e-grant.

Interviews take place in May 2020. Projects not invited for interviews will be notified at the end of March. Final decision on the application is taken at the end of May 2020, with project start in Q3 2020.

Applicants are notified via e-grant of the decision by the IFD Board of Directors to reject or invite projects to negotiations for an investment agreement.

Advice and guidance

Questions and answers

Contact

The program

Application

Evaluation

From approval to project start

During the project

Process in case of missing consultation

Process in case of lack of recognized researcher

Sammenligning af EUDP- og Grand Solution-programmer

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