Målgruppe:OrganisationPrivat virksomhedPrivatpersonStuderende
Geografi:EU/InternationaltNationaltNordisk
Støtteform:Participation in the Creation House program is supported by convertible loansi.e. loans that are issued unsecuredleaving the companies free from repayment in case their company fails to succeed. The project can run over a maximum period of 18 months. Each convertible loan is DKK 5-10 million paid in tranches based on the fulfillment of predefined milestones. The application for a convertible loan must consequently be submitted with a detailed budget linked to the company’s scientific and commercial development milestones. The convertible loan can cover expenses such as: Salary for employees Research activitiese.g. testing and experiments Development of MVPprototypes Publications Rent at BII Patent priority applications and fees associated with a license agreement Regulatory strategy and compliance Team member education Commercialization costse.g. market analysis Administrative support