Is your idea or company suitable for applying for a Micro Grant?
General terms and conditions
- 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
The following applies to applications with a CVR number:
- 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
- The application (Co-founder 1) answers questionnaires from the Danish Foundation for Entrepreneurship. 6 questionnaires are sent out over 3 years. Data is collected with the purpose of research into the effect of Micro Grants
“We think that it was easy and straightforward to write the actual application for our Micro Grant, and I would recommend all startups to do the same, if they have a good idea!”
- Rasmus, co-founder af Grums
Grums received a Micro Grant in 2016 and 2018
5 tips for your application
- Describe the product and the solution very precisely so that there can be no doubt about what your solution is or what value it adds to users/consumers
- Write briefly and precisely – sort out all wordiness and repetitions
- If you have a business plan, pictures, graphics, etc. that you would like to show the committee then upload it separately as a PDF
- Describe the team with educational background, as well as what skills you possess and contribute to the team. It is also good to be able to show that you know what skills you lack in the team and how you intend to secure these skills both in the short and long term,
- Feel free to add “letters of intent” or, even better, add a short clip in your video where an expert, customer or business partner speaks about the team, the market potential and the idea
Prepare before the deadline
In order to prepare your answers before they have to be entered into Micro Grant’s online application system, we recommend that you download the questions you must answer in the application.
Micro Grant application process
Read here how the application process happens and what an application consists of.
1. Terms and conditions
As an applicant you must read and accept Micro Grant’s terms and conditions. One condition i.e. is that you answer questionnaires from The Danish Foundation for Entrepreneurship. When you have accepted the formal terms and conditions, you will be directed to the application itself. You can always save what you entered along the way and return to the application.
2. Information about team and startup
After you have accepted terms and conditions, you must provide some information about your idea/startup and your team. Note: Co-founder 1 is the primary applicant and will be your contact person regarding Micro Grant. This person in the team must be a fulltime student (or newly graduated within 3 months after the application deadline) and must appear as a co-founder on the CVR number (if you have it).
3. Written application
Here you must answer a series of questions about your idea/startup.
- Idea and business model
- Market and competition
- What you have already achieved
- Sustainability and possible use of the Sustainable Development Goals
- Next step and use of Micro Grant
Download the budget form, fill out which posts you wish Micro Grant to support and upload the file in the application. It is important that the support is used for activities which moves the idea or company noticeably closer to the market, growth, job creation etc. This point is included as part of the evaluation of the application.
For applications with a CVR number, the 25% co-financing must also be included in the budget form. The use of the co-financing is not covered by Micro Grant’s rules regarding what the Micro Grant may be used for.
5. Video pitch
Your video pitch is an important part of the application. It is here the evaluation committee has the opportunity to see who the team behind the idea is and here you have the possibility to show a possible early prototype or an illustrative display of your idea/product/service. We recommend that everyone in the team is represented in the video.
The video must be uploaded to YouTube and the link must be attached in the application.
The video pitch must be a maximum of 4 minutes.
6. Submit application
When you get to this point, it is time to find the champagne glasses and remember to congratulate each other that you can now tick off another achievement in your entrepreneurial journey. Sit back and await to hear from Micro Grant.
7. Response from Micro Grant and questionnaire
You can expect to receive a response to your application after 4-6 weeks. You will receive a reply via email. It is Co-founder 1 who will receive the email from Micro Grant
If you have received the grant, you must sign a grant commitment and send a mail back. Then you have 3 months to use the grant. If you unfortunately are not awarded the grant, you can always apply again.
All applicants receive response and feedback from the evaluation committee.
We will also ask you to please answer the questionnaire sent to everyone in the team. Note: 6 questionnaires are sent out over 3 years. Data from the questionnaires are collected for the purpose of research into the effect of Micro Grants which forms the basis for more Micro Grants to be awarded in the future. We greatly appreciate your help.
Guidance for video pitch
Find tips and tricks for a good video pitch here.
Guidance for teachers and business developers
Relevant tools and inspiration for you who guides Micro Grant applicants.
With innovative solutions, young budding entrepreneurs like you create fertile ground for solving the world’s biggest challenges, and young startups play an important role in us reaching the Sustainable Development Goals in 2030. That is why we at The Danish Foundation for Entrepreneurship have decided that all applicants in the application must decide whether you work with sustainability in one form or another.
However, this does not mean that you must work with sustainability or the SDGs in order to receive a Micro Grant. But still consider what it might mean to you if you do not.
Why concern ourselves with sustainability?
- In 2015, the world’s state and government leaders adopted 17 ambitious Sustainable Development Goals on behalf of the UN, which provide the direction for how we can ensure a development that is socially, economically and environmentally sustainable by 2030. And from 2024 all large companies must report on their work with the sustainable transition, including in their value chain. Since reporting of the entire value chain is the focus of the large companies, this means that small and medium-sized companies must also expect to be met with demands for more reporting for use by other companies’ reporting on their value chain, even if they are not covered by the directive
- It has also become a must for companies that want to attract investors to have a well-developed ESG strategy. Both locally and globally, an ESG strategy and doing due diligence on ESG is no longer nice to have but in many cases a decisive element in having a healthy business in the long run
Ask yourselves the following 3 questions (source: Danish Chamber of Commerce)
1. What would happen if your company was not here?
- It must be clear why your team is doing what you are doing, what difference will your idea/startup make and what would happen if you did not exist? When you answer the following, the answer should preferably be more than that you create growth and jobs – because all companies do that
- Think abouth which real societal problems your idea/startup solves. Then show your customers action options so they can help contribute positively to or reduce their negative impact on the world. Here it is no about which good causes you support if they buy your product or service but about finding the purpose of your business
- If you want to work with sustainability in your company, focus on being able to document and explain that your product or service is part of the solution – and not of the problem
2. Is your company attractive to the next generation of employees?
- 20% of the world’s population is between 13-25 years old, this constitutes the largest generation of youth in human history. This group show some clear preferences when it comes to their future employer
- Diversity and multiplicity have e.g., a great significance for this generation and those that follow them. Both female and male from this generation look at the proportion of women in management in a company, they look at opportunities for a family-friendly workplace and the look for flexibility when choosing their new employer
- Startups may find it difficult to match large companies when it comes to salary and employee benefits, but they can easily compete on parameters such as meaning and inclusiveness. And you should take advantage of that
- When your startup has found the purpose of your existence, the next step should be to communicate it to future and existing employees
3. Have you considered the SDGs in your product development?
- The use of the SDGs in the development phase can help ensure an outside-in perspective on your idea/startup, your products and services
- Many companies use offers from other companies to facilitate their development of new products, services and business models based on the 17 SDGs
- Most courses are based on an identification of ideas where the best combination of SDG potential and business potential is selected, concepts are developes and finally prototypes and concrete business plans are developed. Therefore, you must have the good business ideas in advance and the market analysis and the business case are still indispensable methods of analysis
SDG stands for “Sustainable Development Goals”. The global goals consist of 17 goals that describe how we must ensure social and economic justice and a sustainable future. Not only are there 17 goals, there are a further 169 subgoals and 232 indicators.
ESG stands for ‘Environmental, Social and Governance’ and covers essential information about a company within the environment and climate, the company’s social/societal impact and the general management of the company (governance). ESG data is the non-financial data that investors and analysts increasingly demand when assessing a company’s ability to create value and long-term growth opportunities.
Net Zero means reducing greenhous gas emissions to as close to zero as possible.
CSR is the abbreviation for ‘Corporate Social Responsibility’. The term covers the company’s social responsibility. CSR initiatives are activities that aim to create value for society and the company’s stakeholders. The initiatives can deal with the company’s work with employees’ conditions, social conditions, economic challenges, climate or environment.
Circular economy is an economic business model based on sustainability. In a circular economy, products and materials are in a continuous cycle. This meas that products can either be used several times, or that its materials can be used in new products.
Ecological footprint is an expression of human consumption of natural resources. The ecological footprint can be calculated for a product or a society.
Green washing is also called ’environmental claims’. Green washing is when the marketing uses nice words to get the product/service/company look more green or sustainable than it really is increase their sales.
Be inspired by other applicants
Be inspired by ideas and startups that have already received a grant.
Micro Grant supports students in turning their ideas into reality