Covid-19: Support package for entrepreneurs and growth companies

Temporary assistance scheme via Vækstfonden with three initiatives targeting entrepreneurs and growth companies in crisis.

1. Match funding for early-stage entrepreneurs

The Growth Fund can finance between 75% and 100% of the financing with loans. The Growth Fund can thus offer at least 1:3 matching and for some types of companies offer full government funding. This can help entrepreneurs who do not fall under the existing compensation and guarantee schemes. The scheme expires at the end of 2020.

2. Match funding for venture companies 

The Growth Fund can co-finance up to 75% of the financing with loans and can thus offer at least 1:3 matching. The prerequisite is a certain amount of co-financing in the form of equity or loan financing from private investors. The scheme is particularly aimed at growth companies that need special risk capital to secure their growth plan.

3. Strengthened equity commitment

Vækstfonden has received DKK 1.2 billion to invest both directly in companies and via funds as equity financing. This allows Vækstfonden to provide capital to entrepreneurs and growth companies and thus fill the gaps that have arisen as a result of a lack of investment from private investors.

> Read more on Vækstfonden's website