Novo Nordisk Foundation

The Novo Nordisk Foundation is an international foundation focusing on medical treatment and research. It is situated in Denmark. The Foundation is the primary owner of Novo Nordisk A/S and NovoZymes A/S through its subsidiary company called Novo Holdings A/S. Aside from Novo Nordisk and Novozymes, the foundation is also a major shareholder in more than 75 other companies. In 2022, the foundation awarded grants worth $1.09 billion (7.5 billion DKK) and paid out $0.79 billion (5.2 billion DKK). The Foundation typically distributes more than US$300 million each year to research within the fields of Life sciences and Bioscience. 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.