254:
66:
168:
25:
772:
has consistently been a central issue in science policy discussions. Intensive concentration has been viewed both as a means to enhance and direct research investments effectively and as a concerning trend leading to excessive competition, reduced diversity, and the selection of conservative topics.
784:
Arguments and debates put forth by skeptics are that the foundation's focus on specific research areas, such as biomedicine and health sciences, could potentially divert attention and resources away from other equally significant disciplines that have the potential to contribute to overall societal
788:
Concerns have been raised about the potential influence of the foundation's agenda on the direction of scientific research. Critics express concerns about the potential effect of the foundation's allocation of funds on the diversity of research topics and perspectives within the Danish scientific
780:
One criticism is related to the foundation's significant economic influence in the research landscape. The substantial grants from the foundation may inadvertently overshadow other sources of research funding and potentially lead to a concentration of resources in certain research areas closely
366:
From 2016 to 2022, the foundation distributed more than US$ 4.5 billion in grants for research, innovation, treatment, education, humanitarian and social purposes. In 2023, the foundation awarded grants worth 9.1 billion DKK (approx. $ 1.33 billion) and paid out 5.8 billion DKK (approx. $ 0.84
797:
The Novo
Nordisk Foundation has faced criticism for the concentration of its research funding, often favouring a select group of established researchers. This trend, prevalent in many countries, leads to funding disparities, where a majority of resources are allocated to a small percentage of
801:
This new approach is designed to mitigate biases and increase the diversity of funded research, aiming to support high-quality, innovative projects that might otherwise be overlooked. The effectiveness of this strategy is being evaluated over a three-year trial period.
386:
in the Nordic countries. This sparked the development of new diabetes treatments and the beginning of a Danish business and export venture. Several foundations were also established which have subsequently merged into the Novo
Nordisk Foundation.
954:
The
Foundation's initiatives involve large-scale projects that encompass collaborations across various sectors and disciplines, focusing on addressing global challenges through international cooperation and partnership.
798:
researchers, often to the detriment of early-career, female, and diverse researchers. In response to these concerns, the Novo
Nordisk Foundation has introduced partial randomisation in its grant allocation process.
390:
In recent years, the
Foundation has increased its focus on innovation, diabetes treatment and grants for humanitarian and social purposes. In 2016 the Foundation awarded a little over 420 million US dollars to the
633:
research hospital. In addition, the Novo
Nordisk Foundation also awards a number of awards each year aiming to recognize and reward individuals for "outstanding research, teaching, or other support for research".
776:
There is a focus on evaluating potential imbalances in the distribution of research funds in Danish society regarding the role of the Novo
Nordisk Foundation in advancing scientific research and innovation.
1137:
1788:
810:
The Novo
Nordisk Foundation has been involved in numerous research initiatives, each focusing on areas of health and sustainability. Among others, below is a list of significant research initiatives:
587:: These are awarded within the Foundation's focus areas based on peer reviews. They encompass project grants, research leader grants, investigator grants, fellowships, infrastructure grants, and more.
581:: These are regular research grants awarded through open calls to the academic community. They include both shorter-duration project-focused grants and longer-duration research leader grants.
1228:
370:
While the main focus lies within biomedicine and biotechnology research, the
Foundation also awards grants for research in general practice and family medicine, nursing and art history.
975:
The initiative to support research infrastructure development aims to facilitate the creation and scaling up of innovative solutions and products, enhancing the capacity for scientific
1320:
1764:
681:
focusing on biotechnology and environmental research. The foundation also recognise achievements in teaching and education in the sciences through awards such as the
1976:
1632:
2120:
1255:
2025:
1765:"Novo Nordisk Foundation, Open Philanthropy, and Bill & Melinda Gates Foundation Launch Initiative to Support New Antiviral Medicines for Future Pandemics"
1698:
1713:
352:
2001:
1838:
38:
1740:
652:
In 2020, the foundation distributed a total of DKK 10.17 billion (approx $ 1.67 billion) and paid out DKK 4.6 billion ($ 0.75 billion) in grants.
658:
In 2018, the foundation distributed a total of DKK 3.9 billion (approx $ 0.59 billion) and paid out DKK 1,75 billion ($ 0.28 billion) in grants.
643:
In 2023, the foundation distributed a total of DKK 9.1 billion (approx. $ 1.33 billion) and paid out DKK 5.8 billion ($ 0.84 billion) in grants.
1631:
Finans.dk (Article in Danish): The balance of power is shifting: Novo
Nordisk Foundation pays 10 per cent. of all public research in Denmark:
655:
In 2019, the foundation distributed a total of DKK 8.5 billion (approx $ 1.29 billion) and paid out DKK 3.6 billion ($ 0.57 billion) in grants.
649:
In 2021, the foundation distributed a total of DKK 8.8 billion (approx $ 1.18 billion) and paid out DKK 4.8 billion ($ 0.65 billion) in grants.
646:
In 2022, the foundation distributed a total of DKK 7.5 billion (approx $ 1.08 billion) and paid out DKK 5.2 billion ($ 0.76 billion) in grants.
1887:
2072:
1582:
946:
encompasses the entire value chain from basic research to scientific application, aiming to foster innovation and scientific breakthroughs.
1813:
178:
1619:
MIT Press Direct: Concentration of Danish research funding on individual researchers and research topics: Patterns and potential drivers:
2125:
1324:
847:
130:
197:
2058:
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Targeting companies like start-ups, often in the form of loans and investments, to support activities with positive societal impact.
233:
215:
149:
102:
52:
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80:
1633:
https://finans.dk/erhverv/ECE12214153/magtbalancen-skrider-novo-nordisk-fonden-betaler-10-pct-af-al-offentlig-forskning-i-danmark/
1505:
1256:
https://www.reuters.com/business/healthcare-pharmaceuticals/novo-nordisk-foundation-place-more-grants-outside-denmark-2024-03-18/
705:
1683:
1620:
1162:
1951:
109:
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1789:"Pandemic Antiviral Discovery initiative created by the Novo Nordisk Foundation, Open Philanthropy and the Gates Foundation"
1138:"For 2022, Novo Holdings reports a negative return on the Investment Portfolio of -6% and Total Income and Returns of DKK 3"
629:, general medicine, nursing and art history at public knowledge institutions. Humanitarian and social purposes includes the
830:. This initiative, known as the Novo Nordisk Foundation Initiative for Vaccines and Immunity (NIVI), collaborates with the
726:
1431:
1191:
1125:
459:
The Novo Nordisk Foundation is obligated to maintain its controlling ownership in the Novo Groups two largest companies:
116:
44:
1699:
https://www.fiercebiotech.com/biotech/novo-nordisk-foundation-wants-tackle-respiratory-diseases-paying-260m-new-vaccine
994:
The foundation (as of June 2020) has donated DKK 366.2 million (approx $ 55.77 million) for COVID-19 related measures.
1862:
1374:
863:
490:
corresponding to approximately 25 percent of the total equity and approximately 71 percent of the total voting rights.
479:
corresponding to approximately 28 percent of the total equity and approximately 75 percent of the total voting rights.
1926:
1714:
https://www.pharmaceutical-technology.com/news/novo-nordisk-foundation-sets-up-airborne-infection-vaccine-initiative/
193:
1656:
1568:
934:
and food production techniques, aiming to address the challenge of sustainably feeding a growing global population.
605:
Grants for initiatives that start as local units of the Foundation and then are spun out as independent foundations.
98:
431:
and social purposes. The Novo Nordisk Foundation's investment activities are managed by its 100%-owned subsidiary,
2086:
1492:
Nordic Society of Human Genetics & Precision Medicine: Novo Nordisk Foundation: Grant-giving Dip Is Temporary
1479:
76:
1011:: DKK 74.9 million for 43 different projects aimed at mitigating the health consequences of COVID-19 in Denmark.
392:
2026:"Novo Nordisk Foundation: Societal Responses to and Preparedness for Emerging Viral Infections – 2020 (Denmark)"
1727:
2087:"The Carlsberg Foundation supports emergency production of ethanol with DKK 8.7 million | Carlsbergfondet"
1002:
976:
879:
831:
2044:
1517:
1079:
1071:
1067:
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562:, the foundation is also a major shareholder in more than 135 other companies as of 2022. The foundation's
1106:
919:
835:
694:
674:
1541:
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1529:
769:
630:
412:
396:
345:
1387:
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1018:
123:
1229:"Novo Nordisk Foundation awarded more than DKK 9.1 billion for purposes benefitting society in 2023"
1096:
819:
710:
700:
563:
415:. It is a self-governing entity with no owners, focusing on long-term ownership of the Novo Group (
313:
1668:
1667:
PolicyWatch.dk (in Danish): The Novo Nordisk Foundation finances more public research in Denmark.
1643:
MedWatch.dk (in Danish): Researchers fear falling out of favor with the Novo Nordisk Foundation.
1101:
715:
682:
519:
1270:
574:
The Novo Nordisk Foundation offers various types of grants, categorised under five main models:
1443:
253:
2100:
1506:
https://novonordiskfonden.dk/wp-content/uploads/Novo-Nordisk-Foundation-Annual-Report-2021.pdf
1046:
988:
895:
891:
851:
551:
527:
436:
432:
356:
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https://www.the-scientist.com/news-opinion/q-a-a-randomized-approach-to-awarding-grants-69741
1621:
https://direct.mit.edu/qss/article/1/3/1159/96125/Concentration-of-Danish-research-funding-on
862:
potential. The initiative aims to support researchers globally in identifying and developing
494:
The class A-shares in both companies (Novo Nordisk and Novozymes) are unlisted and cannot be
189:
1697:
Novo Nordisk Foundation sets up new vaccine initiative for respiratory diseases with $ 260M
1413:
838:. It emphasises generating immunity in the airway, a novel approach in vaccine development.
543:
967:
education, supporting the development of new research talent and established researchers.
964:
915:
678:
615:
440:
428:
351:
In 2022, the foundation had a net worth of $ 107 billion (805 billion DKK), making it the
530:. The paid dividends are taxed in the underlying companies in correspondence with Danish
1350:
1432:
https://novonordiskfonden.dk/app/uploads/Novo-Nordisk-Foundation-Annual-Report-2022.pdf
1308:
1192:
https://novonordiskfonden.dk/app/uploads/Novo-Nordisk-Foundation-Annual-Report-2022.pdf
1126:
https://novonordiskfonden.dk/app/uploads/Novo-Nordisk-Foundation-Annual-Report-2022.pdf
1050:
1026:
855:
661:
In 2017, the foundation distributed support for DKK 5.8 billion (approx $ 0.88 billion)
1321:"Novo Nordisk Foundation ready to centralise diabetes treatment in Denmark – the Post"
910:
The Foundation's research in this area is centered on the prevention and treatment of
2114:
1203:
626:
531:
503:
499:
435:
whose sole purpose is to invest the foundations wealth and ensure financial returns.
1455:
1375:
https://www.enterprisefoundations.dk/wp-content/uploads/2020/08/Novo-Nordisk-09.pdf
1075:
1030:
875:
823:
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community, as it tends to prioritize projects that align with its strategic goals.
555:
476:
460:
444:
424:
416:
379:
360:
1814:"Gates Foundation launches $ 90M fund to discover antivirals for future pandemics"
1655:
Information.dk (in Danish): External money distorts research. Here is an insight.
1644:
685:
and various scholarships and grants to support upcoming scientists and educators.
1657:
https://www.information.dk/2019/11/eksterne-penge-skaevvrider-forskningen-indblik
882:. This initiative aims to combat a significant and growing global health threat.
1063:
931:
622:
495:
483:
472:
65:
664:
In 2016, the fund provided support for DKK 4.2 billion (approx $ 0.64 billion).
400:
2073:"The last round in Novo Nordisk Foundation's emergency coronavirus programme"
1888:"Novo Nordisk Foundation Pumps $ 260M into Vaccines for Respiratory Diseases"
1728:
https://pharmaphorum.com/news/novo-nordisk-foundation-puts-260m-vaccine-drive
1254:
Reuters.com: Novo Nordisk foundation to place more grants outside Denmark -
673:
The Novo Nordisk Foundation awards several prestigious prizes, including the
1839:"Bill & Melinda Gates Foundation launch initiative for future pandemics"
899:
827:
559:
547:
515:
487:
464:
448:
420:
1977:"$ 343m investment to build stem-cell research center - BioProcess Insider"
793:
Random grant allocation process to minimise funding disparities in research
720:
The EFSD and the Novo Nordisk Foundation Precision Diabetes Medicine Award
1741:"Novo Nordisk Foundation establishes new vaccine initiative worth $ 260m"
1682:
The Scientist article: Q&A: A Randomized Approach to Awarding Grants
1518:
https://novonordiskfonden.dk//app/uploads/2022/06/Grant_Report_2021-3.pdf
987:
The Novo Nordisk Foundation contributed to support the fight against the
859:
756:
Novo Nordisk Foundation Prize for Lower-secondary School Science Teachers
747:
Novo Nordisk Foundation Prize for Science Teachers at University Colleges
744:
Novo Nordisk Foundation Prize for Upper-secondary School Science Teachers
523:
294:
1725:
PharmaPhorum.com: Novo Nordisk Foundation puts $ 260m into vaccine drive
1554:
https://novonordiskfonden.dk/wp-content/uploads/UK_GRANT_REPORT_2018.pdf
593:: Grants awarded for collaborations with public and/or private partners.
2059:"New Danish agency will test up to 20,000 people a day for coronavirus"
1712:
Novo Nordisk Foundation sets up airborne infection vaccine initiative.
1596:
1022:
943:
911:
764:
Criticism of the Novo Nordisk Foundation's role in research and funding
383:
298:
276:
1542:
https://novonordiskfonden.dk/wp-content/uploads/Grant-Rapport-2019.pdf
2002:"Novo Nordisk Foundation invests $ 136m in new cell therapy facility"
1530:
https://novonordiskfonden.dk/wp-content/uploads/Grant-Report-2020.pdf
614:
The foundation has an objective of providing support for scientific,
1863:"Foundation behind Novo Nordisk to invest $ 260M in vaccine R&D"
874:
The Foundation is working on developing vaccines and treatments for
1417:
818:
The Foundation has allocated $ 260 million to develop vaccines for
1956:
Nordic Life Science – the leading Nordic life science news service
1931:
Nordic Life Science – the leading Nordic life science news service
1494:
https://www.nshg-pm.org/Novo-Nordisk-Foundation-Grants-to-Increase
942:
The initiative to create a world-class life sciences ecosystem in
753:
Novo Nordisk Foundation Prize for Primary School Science Teachers
327:
1583:"Novo Nordisk Fonden sætter rekord: Uddelte 5,8 mia. Kr. I 2017"
1952:"Novo Nordisk increases its focus on stem cell-based therapies"
1669:
https://policywatch.dk/nyheder/virksomheder/article14447603.ece
806:
Significant research initiatives by the Novo Nordisk Foundation
359:, a holding company that is the majority voting shareholder of
161:
59:
18:
750:
Novo Nordisk Foundation Prize for Science Childhood Educators
566:
is maintained by dividends and returns on these investments.
1444:
https://novonordiskfonden.dk/en/how-we-work/what-are-grants/
731:
EFSD/Novo Nordisk Foundation Future Leaders Award Programme
16:
International foundation for medical treatment and research
734:
EASD–Novo Nordisk Foundation Diabetes Prize for Excellence
768:
The level of research funding concentration granted from
922:, which are among the leading causes of death globally.
781:
aligned with the foundation's priorities and interests.
185:
1927:"The Novo Nordisk Foundation announces new 2030 plan"
1430:
2022 Novo Nordisk Foundation annual report p. 35-48:
1309:
https://www.linkedin.com/company/novo-nordisk-fonden
870:
Combatting Antimicrobial Resistance and Tuberculosis
677:
for outstanding research in medical science and the
542:
The Novo Nordisk Foundation is the primary owner of
196:, and by adding encyclopedic content written from a
1082:is the current CEO of the Novo Nordisk Foundation.
1017:: DKK 17.5 million granted in cooperation with The
894:research focuses on new therapeutic approaches for
759:
Novo Nordisk Foundation Nature-based Educator Prize
322:
312:
304:
290:
282:
260:
403:, a diabetes treatment and research institution.
1563:
1561:
1388:"Novo Nordisk Foundation - Bourses-etudiants.ma"
930:The Foundation supports research in sustainable
846:This initiative, formed in partnership with the
550:A/S through the foundation's subsidiary company
308:Life-sciences, natural sciences, social sciences
1645:https://medwatch.dk/samfund/article15890695.ece
621:The grants go primarily to support research in
1504:Novo Nordisk Foundation - Annual report 2021:
1190:2022 Annual Report - Novo Nordisk Foundation:
1039:: DKK 6.6 million for three research projects.
443:for the foundation's ownership in Novo Group (
411:The Novo Nordisk Foundation is an established
1049:drugs against COVID-19 in collaboration with
353:wealthiest charitable foundation in the world
8:
1569:"Novo-fonden uddeler rekordmange milliarder"
1528:Novo Nordisk Foundation 2020 Grants Report:
814:Vaccine Development for Respiratory Diseases
763:
534:laws, prior to being paid out as dividends.
348:focusing on medical treatment and research.
246:
1516:Novo Nordisk Foundation 2021 grant report:
1480:"Novo Nordisk and Novozymes Prizes Awarded"
963:The Foundation places a strong emphasis on
854:, is focused on developing accessible oral
318:$ 117 billion USD (805 billion DKK) in 2022
53:Learn how and when to remove these messages
1045:: DKK 5 million in support for trials for
898:, exploring the regenerative potential of
252:
245:
234:Learn how and when to remove this message
216:Learn how and when to remove this message
150:Learn how and when to remove this message
1408:"Inside View: Novo Nordisk Foundation".
1163:"Form 6-K NOVO NORDISK A S For: Mar 31"
1118:
842:Pandemic Antiviral Discovery Initiative
363:, a Danish pharmaceutical corporation.
2121:Medical research institutes in Denmark
950:International Collaboration and Grants
177:contains content that is written like
86:Please improve this article by adding
2039:
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727:Novo Nordisk Foundation Lecture Prize
514:The Novo Nordisk Foundation receives
407:Constellation and ownership structure
7:
1265:
1263:
1250:
1248:
1186:
1184:
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1769:Bill & Melinda Gates Foundation
971:Research Infrastructure Development
848:Bill & Melinda Gates Foundation
1066:of the Novo Nordisk Foundation is
906:Cardio-Metabolic Diseases Research
878:, addressing the broader issue of
866:-ready antiviral drug candidates.
14:
1442:Novo Nordisk Foundation website:
938:Life Science Ecosystem in Denmark
926:Sustainability in Food Production
34:This article has multiple issues.
1552:Page 7 of the grant report 2018
1005:test centers throughout Denmark.
886:Stem Cell-Based Therapy Research
706:The Marie and August Krogh Prize
166:
64:
23:
2000:Deswal, Phalguni (2023-09-21).
1015:Emergency production of ethanol
890:The Foundation's investment in
423:) while combining business and
382:received permission to produce
355:. Novo Nordisk Foundation owns
42:or discuss these issues on the
1710:Pharmaceutical-Technology.com:
1092:List of wealthiest foundations
1:
1975:Nelson, Millie (2022-01-20).
1837:Pinching, John (2022-03-15).
697:– Advances in medical science
88:secondary or tertiary sources
1950:Otmani, Malin (2018-05-22).
1925:Otmani, Malin (2022-04-21).
1021:for emergency production of
723:Obesity Prize for Excellence
638:Annual distribution summary
498:. The voting weight of the
266:; 35 years ago
2142:
2126:Charities based in Denmark
1739:Brogan, Jen (2023-12-20).
1227:Foundation, Novo Nordisk.
378:In 1922, Danish professor
2006:Pharmaceutical Technology
1058:Leadership and management
1001:: DKK 250 million for 11
393:Capital Region of Denmark
251:
99:"Novo Nordisk Foundation"
2045:"Initiatives - Covid-19"
1981:BioProcess International
1373:Ownership constellation
977:research and development
880:antimicrobial resistance
832:University of Copenhagen
1080:Mads Krogsgaard Thomsen
999:Test centers in Denmark
991:in the spring of 2020.
959:Educational Initiatives
920:cardiovascular diseases
892:stem cell-based therapy
579:Open-competition Grants
342:Novo Nordisk Foundation
247:Novo Nordisk Foundation
1107:Foundation (nonprofit)
836:Statens Serum Institut
770:enterprise foundations
695:The Novo Nordisk Prize
610:Distribution of grants
502:are 10 times those of
75:relies excessively on
1456:"What do we support?"
631:Steno Diabetes Center
618:and social purposes.
413:enterprise foundation
397:Steno Diabetes Center
346:enterprise foundation
198:neutral point of view
1271:"Annual report 2023"
1068:Lars Rebien Sørensen
1019:Carlsberg Foundation
856:antiviral treatments
820:respiratory diseases
689:International Prizes
510:Profits and taxation
484:class A and B-shares
482:The foundation owns
473:class A and B-shares
471:The foundation owns
344:is an international
1601:Novo Nordisk Fonden
1460:Novo Nordisk Fonden
1412:. 4 November 2015.
1355:Novo Nordisk Fonden
1275:Novo Nordisk Fonden
1208:Novo Nordisk Fonden
1204:"Facts and figures"
1097:Financial endowment
711:The Jacobaeus Prize
701:The Novozymes Prize
597:Impact Investments:
564:financial endowment
506:in both companies.
455:Ownership structure
248:
190:promotional content
1894:. 19 December 2023
1695:FierceBiotech.com:
1540:Grant report 2019
1233:www.prnewswire.com
1102:Private foundation
716:The Hagedorn Prize
675:Novo Nordisk Prize
585:Stand-alone Grants
192:and inappropriate
1167:StreetInsider.com
1047:anti-inflammatory
1037:Research projects
989:COVID-19 pandemic
983:COVID-19 pandemic
858:for viruses with
852:Open Philanthropy
552:Novo Holdings A/S
528:Novo Holdings A/S
437:Novo Holdings A/S
433:Novo Holdings A/S
427:with scientific,
357:Novo Holdings A/S
338:
337:
328:novonordiskfonden
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2075:. 24 April 2020.
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2061:. 21 April 2020.
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1597:"Prizes Archive"
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1585:. 22 March 2018.
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1571:. 22 March 2018.
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1323:. Archived from
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896:chronic diseases
603:Own Initiatives:
544:Novo Nordisk A/S
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380:August Krogh
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184:Please help
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1843:PharmaTimes
1745:PharmaTimes
1390:(in French)
1351:"Ownership"
1277:(in Danish)
932:agriculture
623:biomedicine
2115:Categories
2011:2023-12-31
1986:2023-12-31
1961:2023-12-31
1936:2023-12-30
1898:2023-12-30
1873:2023-12-30
1848:2023-12-30
1823:2023-12-30
1799:2023-12-30
1774:2023-12-30
1750:2023-12-30
1606:2024-03-31
1465:2023-05-26
1394:2023-05-26
1360:2023-05-26
1331:2017-03-03
1281:2024-08-26
1238:2024-08-26
1213:2023-05-26
1172:2020-06-14
1148:2023-05-26
1113:References
900:stem cells
522:from paid
401:Copenhagen
367:billion).
186:improve it
140:April 2019
110:newspapers
77:references
39:improve it
1386:Kaoutar.
1296:"History"
1142:Bloomberg
828:influenza
560:Novozymes
548:Novozymes
538:Endowment
524:dividends
516:cashflows
488:Novozymes
465:Novozymes
449:Novozymes
421:Novozymes
314:Endowment
206:July 2024
45:talk page
1892:BioSpace
1086:See also
1070:(former
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1009:Projects
1003:COVID-19
860:pandemic
822:such as
504:B-shares
500:A-shares
295:Hellerup
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1023:ethanol
944:Denmark
912:obesity
864:phase 2
520:profits
384:insulin
374:History
323:Website
299:Denmark
277:Denmark
269: (
261:Founded
124:scholar
1793:PMLive
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