- Fondstype
- Privat fond
- Målgruppe
- OrganisationPrivat virksomhedPrivatpersonStuderende
- Geografi
- EU/InternationaltNationaltNordisk
- Støtteform
- Participation in the Creation House program is supported by convertible loans, i.e. loans that are issued unsecured, leaving 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 activities, e.g. testing and experiments Development of MVP, prototypes Publications Rent at BII Patent priority applications and fees associated with a license agreement Regulatory strategy and compliance Team member education Commercialization costs, e.g. market analysis Administrative support