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Innovation benefits from Danish budget plan

The Danish government has suggested a small top-up for Innovation Fund Denmark (IFD) in its 2017 budget.

The government published its budget proposal on 30 August, allocating 21.5 billion Danish kroner (€2.9bn), or 1.3 per cent of expected GDP, to research. Of this sum, the government proposed to set aside kr555m for its research reserve fund, the spending of which must be agreed in negotiations between the government and the parliament in the autumn.

The government said it wanted to add kr226m of the reserve money to IFD’s budget, taking the total to nearly kr1.3bn. The fund invests in high-risk research and innovation projects. The money would be used for projects across seven topics, such as sustainable food production, healthcare and clinical research and education and welfare.

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