NOVI is also one of Denmark’s 6 government appointed innovation environments, whose purpose is to transform ideas, inventions or research results into commercial businesses.
The innovation company - NOVI Innovation A/S - was set up in 1998. Since then NOVI Innovation has evaluated more than 1,000 new business ideas. About 10% of these ideas went all the way and resulted in the establishment of a business. In 2008 the environment has 39 living companies in its portfolio.
NOVI Innovation A/S offers the entrepreneur a package of services to ease the transformation of the idea into a business:
• Counselling, sparring and follow up
• Access to accounting assistance, IT and marketing support
• Access to laboratories and other technical facilities, office space, and inventory at NOVI Science Park
• Risk capital and private venture capital
• Networking with knowledge institutions, industrial partners and investors.