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Innobooster's Evaluation Criteria
What It Takes to Get the Applicaiton Approved
To receive funding from Innobooster, your application must meet three equally weighted evaluation criteria:
Quality of the idea, Impact, and Quality of Execution. This means your project must not only be innovative but also create value for both your company and society — and be supported by a realistic plan and the right competencies.
By addressing all three criteria precisely and strategically, you significantly increase your chances of securing funding. Our team knows the process in detail and can guide you step by step to make your application as strong as possible. In short, we can help you:
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Refine your project idea and highlight its innovation potential
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Demonstrate the commercial potential and market relevance
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Develop a clear, compelling project plan and a solid budget
Read more about Innobooster’s evaluation criteria below:
Evaluation Criteria of Innobooster
1. Quality of the Idea
Your idea must be innovative and clearly stand out from what already exists on the market.
* The solution must be clearly defined, with a clear description of the expected outcomes.
* The idea must be distinctly different from existing solutions.
* The project should be based on convincing preliminary results that provide a solid foundation for moving forward.
* The project must be knowledge-based and demonstrate both a high level of innovation and an element of risk.
2. Impact
The project must create value for both the company and society.
* The company must demonstrate a significant commercial potential, e.g., increased revenue, export opportunities, or new market shares.
* The solution should address a clear market need and have the potential to scale internationally, preferably supported by data or customer interest.
* The project should drive growth and job creation in Denmark, e.g., via green transition, health innovations or new jobs.
* There must be a clear correlation between the expected impact and the size of the Innovation Fund Denmark’s investment.
3. Quality of Execution
* The project’s objectives and plan must be clearly described, including an activity plan with defined milestones and success criteria.
* The team must possess the relevant and specialised competencies — both internally and through potential knowledge partners.
* The project must appear realistic to execute based on the described methods, risk management plan, and the resources available to the company.
* The budget must be reasonable, realistic, and aligned with the planned activities.