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1955 - First donations from the Novo Foundation

On 31 January, the Board of the Novo Foundation decides to award the first grants totalling DKK 80,000. Two Board members, Poul Iversen and Hans Baggesgaard Rasmussen, each receive DKK 5000 for scientific research; the Danish Diabetes Association receives DKK 5000; and the Denmark-America Foundation receives DKK 5000. The Board awards the largest grant of DKK 50,000 to the University of Copenhagen for the planned Department of Biology in Copenhagen (although the amount is subsequently reduced to DKK 20,000).

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