Danish Foundation for Entrepreneurship: Micro Grant Program (Denmark)

Funding Information

• Without CVR number, you can apply for a Micro Grant of up to DKK 25,000
• With CVR number, you can apply for a Micro Grant of up to DKK 50,000
  • This Micro Grant requires 25% self-financing
• You can apply for and receive a total of two grants for the same idea. First one Micro Grant without a CVR number and then one Micro Grant with a CVR number

Why apply for a Micro Grant?

• Financial support
  • The Micro Grant is probably your first opportunity to obtain financial support for the development of your idea or for the development of your newly started company
  • The Micro Grant can be just the right motivation and the pat on the back that makes your idea come true
  • The Micro Grant is what is called ‘soft funding’. This means that the grant is not a loan and therefore does not have to be repaid
• Feedback from evaluation committee
  • You receive feedback from the evaluation committee regardless of whether you receive a grant or not
  • You can use feedback from the evaluation committee for further development of your idea/company or to improve a possible new application
  • The evaluation committtee consists of succesful entrepreneurs, leading business profiles and investors, all of whom have extensive knowledge of starting and running a business
• Exposure
  • Micro Grant recipients will be published on Micro Grant’s Wall of Fame. As a grant recipient, you will be visible here for e.g., investors, press and The Danish Foundation for Entrepreneurship’s other business partners
  • Micro Grant recipients have the possibility to be exposed on Micro Grant’s social media
  • As a Micro Grant recipient, you can be selected as a case in various contexts and gain exposure that way

Uses of the Fund

• Eligible Uses:
  • The Micro Grant must be used for development. That means for development of your idea or for development of your newly started company.
• Ineligible Uses:
  • The Micro Grant CANNOT be used for operation such as
  • Establishment of ApS
  • Payment of VAT/taxes
  • Rent of premises
  • Purchase of inventory
  • Purchase of computers/phones, office furniture, etc.
  • Travel and hotel accommodation
  • Salary for team members
  • General entrepreneurial advice
  • Memberships of entrepreneurial associations
  • Courses for upskilling
  • Activities/expenses in relation to competitions
  • Expenses already incurred at the time of application

Eligibility Criteria

• Students at youth education
• Students at higher education
• Ph.D. students
• Newly graduated within the last three months (at application deadline)
• Furthermore, it is a requirement that:
  • Applicant (Co-founder 1) and minimum half of the founding team must be students or recent graduates within the last 3 months
  • All students must be a full-time student enrolled in a Danish educational institution (i.e., not just one semester)
  • All newly graduated must have been enrolled in a full-time study in a Danish education institution (i.e.) not just one semester)
  • Non-students are allowed in the team but both the applicant (Co-founder 1) and at least half of the founding team (both with and without CVR number) must be students or recent graduates within the last 3 months
  • Applicant (Co-founder 1) must be at least 18 years old
  • If your idea or startup previously has applied/received a Micro Grant, this must be stated in the application
• Besides the above points, applicants who apply with at CVR number must also follow:
  • Applicant (Co-founder 1) must be a co-founder of the company (in the CVR)
  • CVR number must be created for the startup that is applying for the grant
  • CVR number must be created within the last 12 months
  • Company/CVR number must not have had a total turnover of more than DKK 50,000 in total

For more information, visit Danish Foundation for Entrepreneurship.