Deadline: 15 February 2024
Are you a student with a startup idea? Then you can apply for a Micro Grant.
What can you apply for?
- 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
Who can apply for at Micro Grant?
- Students at youth education
- Students at higher education
- Ph.D. students
- Newly graduated within the last three months
- 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 The Foundation for Entrepreneurship.