1st Mile has written successful project applications for more than 1.5 billion DKK with a hit rate of 80%.
Among the benefits of public funding is that it is project funding and not investment to be repaid. Furthermore, the funding available is considerable size. For instance, the EU Horizon 2020 program has €80bn for qualified projects.
A grant can be an effective way to reduce the financial risk of high-tech research and development.
The programs also provide a good opportunity to establish strong partnerships between public and private companies.
An established partnership could be a solid foundation for mutual exchange of knowledge and the possibility to create commercial focus.
See application deadlines for the various programs here.