One of the questions we get most of the time from student entrepreneurs is regarding funding opportunities. It would seem that the only thing stopping a lot of students is the fact that they don’t have money to go and grow their idea into a valuable startup. We know that this is not the case, and we know that the most important aspect of getting your startup up and running is actually knowing exactly what to do (aka Customer Development & Business Model). But just in case you already know EXACTLY what you are doing, and you are able to write a business description to a group of investors who will actually support you in the early days, we’ve grouped some of these early stage opportunities, and we will try to maintain the list as much as possible.
To make things easier, we’re also going to discuss ALL of these opportunities at our workshops and events, those offered in the Startup Programme, and try to help students compose their applications (again, as much as we can).
Foundation for Entrepreneurship
The earliest funding grant for your idea comes from the Foundation for Entrepreneurship, a grant that supports students or Phd’s to get some initial funding to pay for costs like prototype development, market research, pilot testing or even consulting & advice. Students who already have a CVR number can apply to get up to 50 000kr in funding, and 25 000kr in funding without a CVR. The applications are accepted multiple times per year, and you can read more about the rules.
Find our more: Mikrolegat fra Fonden for Entreprenørskab
A great opportunity for students to get some early support is by participating in startup competitions and our favourite by far is Venture Cup. ALL students from danish universities are competing to be in the spotlight and this is an opportunity to get some early cash. Connect with other brilliant students and impress some early investors that are always part of the crowd. Every startup will receive feedback, which is something that we often take for granted. So if you’re at an idea stage you can compete to win 10 000kr for your idea (2-3 pages) and if you already are a bit ahead you might win 25 000kr.
Innovation Fund Denmark
If you’re about to finish your studies and you still wish to continue working on your startup and enroll in the Entrepreneurial Pilot programme. If you are accepted you can get a monthly grant of 14, 473kr for 12 months, what we call an a-kasse for entrepreneurs. You are not alone investing in the business you are building, and the Innovation Fund Denmark is here to support you. Read more about this opportunity here
We’re not in the business of building lists, nor maintaining them :). But we do recommend the best options THAT WE KNOW PERSONALLY. The ecosystem has been growing a lot in the past year, and there are a lot of opportunities out there in the Oresund region and all around Copenhagen. That’s up to you do research a bit, and we can point you to this (very good) overview of the different opportunities: Innovation overview list