The Foundation awards grants for the below purposes:

Use the Otto Mønsted Foundation online application system – link to the system at the bottom of the page.

The following sums up the requirements, information and documents requested by the Foundation for the individual purposes.

Please read all of the information before you apply, to make sure you are eligible to apply and fulfill the necessary requirements.

There are different deadlines for the individual purposes, which are stated under the specific purpose.

No reasons are given for refusal, and specific questions about assessment of application and outcome are not discussed.

It is a requirement that all grant recipients upload a report and accounts after the stay/project.

Study abroad or internship

Eligible to apply:
– Engineering students enrolled at DTU, AAU and SDU.
– Students enrolled in a BSc/MSc Economics and Business Administraton programme (Cand.merc) at CBS and AU.

Requirements:
– Credit qualifying study or internship abroad for at least 3 months (one or two semesters).
– Only stays which are expected to be completed after 1 May 2021, are eligible for the current application periode.
– Grade point average of minimum 8.
– You must have pre-approved subjects equivalent to a minimum of 15 ECTS.
– The Fund supports with a maximum of DKK 10,000.

The application must be submitted no later than 1 March 2021.

Documentation requirements when submitting the application:
– Updated transcript of  academic records.
– Approved credit documentation – possible to upload after 1 March 2020.
– Admission documentation – possible to upload after 1 March 2020..
– For AAU/SDU applicants: An enrollment confirmation from AAU/SDU, documenting admission to engineering programmes (Cand.polyt.).
– For AU applicants: An entollment confirmation from AU, documenting admission to BSc amd MSc in Economics and Business Administraton programmes (Cand.merc.).
– Attachments such as motivated application, CV, recommendation letters etc., are not a requirement, but appreciated.

Next application period: 10 January 2022 – 1 March 2022.

Conference participation abroad

Eligible to apply:
– Employed lecturers , master/bachelor students, PhD students, and post docs, as well as scientific staff from DTU, AAU (engineering programmes) and CBS.
– PhD students within Economics and Business Administraton programmes (Cand.merc.). at AAU, AU and SDU.
– PhD students within engineering programmes (Cand.polyt.) at AU and SDU.

Requirements:
– Applicant must have a Danish CPR-number.
– A maximum of 1 conference participation is granted per calendar year.
– A maximum of 2 conference participations are granted within a 5 year period – effective from 1/1 2020. Grants received before 2020, therefore, have no influence.
– Conferences without a specific commercial or technical focus, are not eligible for funding.
– The applicant must be actively participating in the congress, for example by oral/poster presentation.
– A maximum of two participants and grants per oral contribution.
– Participation must lead to an publication.
– It is a prerequisite for support that your institution contributes financially to the conference participation.
– The Fund will maximum grant equal to the institutions support, and only in exceptional circumstances will the grant exceed DKK 7,500.

If the conference is not held abroad, any grant commitment is dropped. Virtual conference participation in Denmark are not supported. It is therefore not possible to apply for support for online participation.

The application and required documents must be submitted no later than 31 days before departure.

In case all documents (or uncertainties with VISA or the conference host) are not in place 31 days prior to departure, please submit the application before the deadline anyway, and then forward the missing documents. Please note this in the application.

Documentation requirements when submitting the application:
– Scientific article/abstract (if uploading a short abstract, please compliment with some extra scientific data, such as a work report/preliminary article etc).
– Invitation to conference.
– Signed support letter from institution, confirming their support and the extent of it.
– Documentation for publication – is possible to upload after the conference (for example, with the specific publication, proceedings, or confirmation of publication from the conference).

Application period: Ongoing

Research stay abroad

Eligible to apply:
– Employed lecturers, PhD students, and post docs, as well as scientific staff from DTU, AAU (engineering programmes) and CBS.
– PhD students within Economics and Business Administraton programmes (Cand.merc.). at AAU, AU and SDU.
– PhD students within engineering programmes (Cand.polyt.) at AU and SDU.

Requirements:
– Applicant must have a Danish CPR-number.
– Research stays abroad of at least two months (temporarily changed due to Covid-19).
– A maximum of one research stay is granted within a 5 year period – effective from 1/1 2020. Grants received before 2020, therefore, have no influence.
– The terms of employment must be unchanged during the stay abroad, i.e. that wages etc. must be the same before, during and after the stay abroad.
– It is a prerequisite for support that your institution contributes financially to the research stay – in addition to the salary.
– The Fund will maximum grant equal to the institutions support, and only in exceptional circumstances will the grant exceed DKK 5,000 a month.
– The Fund does not award grants for experiments etc. during the research stay.
– The Fund only supports expenses associated with the stay, which means additional expenses (living costs, such as food, are not supported).
– There is usually no support to traveling family, as well as return trips during the stay.
– If subletting in Denmark is not possible, please elaborate in your application.

If the stay is not held abroad, any grant commitment is dropped. Research stays in Denmark are not supported.

The application and required documents must be submitted no later than 31 days (temporarily changed due to Covid-19) before departure.

The normal deadline of 2 months has been temporarily changed to 1 month, which will apply as long as Covid-19 has significant consequences for organizing and participation in research stays.
The change could mean that in some cases the applicant receives an answer after the stay has begun.

In case all documents (or uncertainties with VISA or the host institution) are not in place 1 month prior to departure, please submit the application before the deadline anyway, and then forward the missing documents. Please note this in the application.

Documentation requirements when submitting the application:
– Signed support letter from institution, confirming their support (in addition to salary) and the extent of it.
– Recommendation letter from the institution or suporvisor.
– Invitation from the host institution.

Application period: Ongoing

Foreign visiting professorships

Foreign visiting professorships at DTU and CBS.

The institution is responsible for recommending the departments’ applications for foreign visiting professorships to the Foundation.

The application must be submitted no later than June 6, 2021.

Lookup in Danish 2021
Lookup in English 2021

Notices of visiting professorships will be sent to the institutions in January.

Application period: February 15, 2021 – June 6, 2021.

Special purpose

Special purposes that may promote Danish trade and industry or otherwise benefit Denmark.
Special Purposes must be interpreted broadly. The projects must be non-profit and the activity must contribute to strengthening Denmark’s trade and industry.

Otto Moensted Foundation supports among other things:

  • International congresses focusing on business/trade and technical areas, and held on or in association with DTU, CBS, AAU, AU and SDU.
    The support will primarily be a balancing subsidy.
  • Projects where Denmark’s honor is taken into consideration, provided that it strengthens Denmark’s trade and industry.
  • Projects that combine trade and technology, for example collaboration across CBS and DTU.
  • Projects/collaboration across danish universities.
  • Activities that promote teachers’ competencies.
  • Foreign lecturers to Danish institutions.
  • Events/activities that promote entrepreneurship.
  • Initiatives that build a bridge between students/startups and the Danish business community.
  • Permanent cultural initiatives which focus on technology and trade.

Otto Moensted Foundation does not support:

  • Entire education programmes
  • Full PhD/MBA programmes
  • Research projects
  • Equipment procurement for research and teaching purposes
  • General support and pension
  • Artist support
  • Group travel for students
  • Party political projects
  • Book releases, film projects, magazines etc.
  • Projects where the majority of activities have already taken place
  • Projects primarily developed by private/commercial companies, including consulting firms
  • Activities that for the applicant only serve an earning purpose
  • Product development
  • Projects that consist of high operating and salary costs
  • The fund does not support state and municipal projects or core tasks

The application and required documents must be submitted no later than 4 months before the start of the conference/event/project etc.

The same project/event/conference will generally not be supported more than 3 times (often with decreasing support).

A balancing subsidy covers a maximum of 6 months after the conference/event has been held.

In general, non-profit initiatives and projects that have been initiated and developed by associations and organizations, as well as the 8 Danish universities, are preferred. The Otto Mønsted Foundation supports initiatives throughout Denmark.

The fund is risk-averse and strives for the funds distributed to go to non-profit, innovative and future-oriented projects.

In the annual reports HERE, you can find listings of the Special Purposes that have received support.

Documentation requirements when submitting the application:
– Project description.
– Budget for the project/activity.
– Documentation of bank details.
– Appendix such as annual report, recommendations etc. are not a requirement, but appreciated.

Application period: Ongoing

The Bright Idea

The Bright Idea 2021 is closed for proposals, opens again in the beginning of 2022.

The Otto Moensted’s Bright Idea is awarded once a year (next time 19 May 2021). The Otto Moensted’s Bright Idea Award is a recognition of talented students, researchers and businesspeople, who are developing innovative solutions which show significant development within their given field of study. In addition, The Bright Idea is meant to encourage more innovation in Danish business and industry and inspire researchers to continue developing innovative solutions and advance their entrepreneurial ambitions. Two bright ideas that demonstrate notable business potentials, will be awarded with in total DKK 500,000.

The Otto Moensted Foundation will hand out 2 awards in the following fields:
– DKK 250,000 for the best Early-stage idea
– DKK 250,000 for the best Late-stage idea

The funds are taxable, and are expected to be used to further develop the bright idea.

The proposal must be submitted no later than 28 February 2021

Candidates:
– Applicant must have Danish CPR number.
– Proposals are accepted from bachelor/master students, PhD and post.doc., affiliated with one of the 8 universities in Denmark. It is possible to submit both individually and on behalf of a group.
– If applied as a group, the project/idea must primarily be driven by students and young researchers (bachelor/master students, PhD and postdoc.).
– A bright idea with commercial potential, that has managed to combine research insight with business understanding.
– The motivation to continue developing their idea.
– Applicants who previously have been rejected, are eligible to be nominated for The Bright Idea 2021.
– If the idea have already received bigger prizes, it is not eligible for The Bright Idea.

Documentation requirements when submitting the proposal:
– Recommendation from your affiliated institution/supervisor.
– A description (1-2 pages), where the following 3 areas must be answered and completed in our online application system.

  • The Bright Idea
  • The interaction with and value for Danish business
  • Business plan

Next application period: 10 January 2022 – 28 February 2022

As the next application period is not open until the beginning of 2022, you have the opportunity to receive a reminder, if you are considering applying. Send an email to olf@omfonden.dk with the heading The Bright Idea 2022, and you will receive an email when the next application period opens.

The jury (read more) chaired by – Bo Stærmose, selects 2 winners of “The Bright Idea”. The awards will in particular be based on the dissemination text, from the following assessment criteria:

  • Excellence in thought, communication, analysis and documentation
  • The degree of business vision and understanding
  • Likelihood of “The Bright Idea” being implemented
  • The idea´s value and significance for danish business and industry

The jury:

All information, including descriptions and uploaded documents, is treated confidentially in the Otto Mønsted Foundation and by the jury. However, there will be obligations if one’s idea is nominated for The Bright Idea (a declaration of consent with further information must be accepted before the proposal can be submitted).

All candidates will receive reply on their proposal around May 2021.

Please note that there are not given reasons in the event of a refusal.

The winners of The Bright Idea 2021 will be announced and awarded at MADE’s Annual Summit on Wednesday 19 May 2021 in Industriens Hus. Due to Covid-19, the format will probably be in the form of a hybrid event, with both the possibility of physical and digital participation.

Read more about the winners of The Bright Idea Prize 2020 HERE.

Awards:
– DKK 250,000 for the best Early-stage idea
– DKK 250,000 for the best Late-stage idea

The funds are taxable, and are expected to be used to further develop the bright idea.

Press here to read the lookup

Watch the video from last year’s Bright Idea Award below

 

The Foundation does NOT grant funds for:

  • Entire education programmes
  • Research projects
  • General support and pension
  • Group travel for students
  • Book publications, film projects, magazines etc.
  • Projects primarily developed by private/commercial companies, including consulting firms
  • Product development
  • The fund does not support state and municipal projects or core tasks
  • Full PhD/MBA programmes
  • Equipment procurement for research and teaching purposes
  • Artist support
  • Party political projects
  • Projects where the majority of activities have already taken place
  • Activities that for the applicant only serve an earning purpose
  • Projects that consist of high operating and salary costs
Online application system