Each initiative or project must meet three criteria:
- Obvious commercial potential.
- Technology transfer.
- Collaboration between public-sector research institutions and private-sector companies. Centres for Higher Education and/or public-sector companies may also participate.
The Danish National Advanced Technology Foundation's capital is increased gradually via the annual National Budget. The goal is for the Foundation to have a base capital of DKK 16 billion by 2012.
The Board of the Foundation has the full competency, within the framework of the law and the rules of the European Commission on state aid, to fix the specific funding profile, including which initiatives and projects will be awarded funding.
All grants are awarded on the basis of an assessment of professional quality and commercial relevance. For the purpose of such assessments, the Board may choose to appoint its own professional subcommittees, while the scientific assessments are to come from the research advisory system or the Danish National Research Foundation.
The Board of the Danish National Advanced Technology Foundation is independent and comprises nine persons appointed by the Minister for Science, Technology and Innovation within their personal focus areas.
The Board has the full competency, within the framework of the law and the rules of the European Commission on state aid, to fix the specific funding profile, including which initiatives and projects will be awarded co-funding. The Foundation has its own secretariat which is headed by a director.
