FORCE Technology is an RTO (GTS). But what is a GTS?
FORCE Technology is one of the 7 Danish government-approved Research and Technology Organisation/Godkendt Teknologisk Servicevirksomhed (RTO/GTS). GTSs are commercial, non-profit businesses.
FORCE Technology is one of the seven companies in the GTS network. The GTSs are non-profit commercial companies.
The purpose of the seven GTSs is to build and disseminate new knowledge and technological competencies at the intersection between business needs, societal needs, research and new technology. A GTS is approved by the Minister of Education and Research. In order to be approved, it is a prerequisite that it is a non-profit company that:
- works in an area of great importance to the Danish business community
- has a high professional level
- are independent of political and economic interests
- has a satisfactory financial and organizational basis.
The approval is given for three years at a time and and do not entail any form of public ownership. Even though a GTS is an independent business, it is subject to governmental requirements regarding professional evaluations and ongoing financial and legal oversight. Any profits are used exclusively for new research, development and innovation.
In 2019, the total turnover in the GTS network was DKK 3.7 billion.
Performance contracts for research and development projects (R&D)
As a GTS, you can apply for public project funds, called performance contracts, which can be used for R&D activities that adress emerging market needs. The purpose is - with a view to societal needs - to build and develop new technological competencies and services that are expected to be of great importance to Danish companies.
The Danish Agency for Higher Education and Science enters into performance contracts and supervises the GTSs. The performance contract funding is used to co-finance development in focus areas, expected to have an impact on Denmark and Danish companies within the foreseeable future. The development projects must anticipate business needs and in this way precede existing services that are already on the market.
In 2019, the GTS network had 19,128 unique Danish customers. About 9 out of 10 of these were small and medium-sized enterprises.
You can read more about the current performance contracts at bedreinnovation.dk (in Danish).