Smart is Innovate UK’s responsive grant funding programme. It has focused eligibility criteria and scope to support SMEs and their partners to develop disruptive innovations with significant potential for rapid economic return to the UK.
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and world-leading ideas, designed for swift, successful commercialisation. Ideas need to be genuinely new and novel, not just disruptive within their sector.
Your proposal must be business focused, with deliverable, realistic, adequately resourced plans to achieve return on investment, growth and market share following project completion.
Questions for this round of Smart reflect the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth and exports.
Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively, net zero, the arts, design and media.
Your project must:
Projects of 6 to 18 months must have total eligible project costs between £100,000 and £500,000 and can be single or collaborative. 19 to 36 month projects must have total eligible project costs between £100,000 and £2 million and must be collaborative.
To lead a project your organisation must:
The project must either be led by an SME, or include an SME.
If the lead organisation is an RTO it must collaborate with 2 businesses (one SME and one business of any size) and there must be a credible route to market, usually through the partners, for the output of the project.
To collaborate with the lead, your organisation must be one of the following UK registered:
A business or RTO can only lead on one application. Any subsequent applications submitted with the same lead will not be forwarded for assessment. All partners can collaborate on any number of applications.
The Innovate UK Smart grant funds a cross-sector portfolio to support SMEs and their partners to develop the best game changing and word-leading projects. It offers funding where other opportunities are not available or appropriate, and where timing is key to ensure swift and successful commercialisation post-project completion.
To be in scope your proposal must demonstrate:
Your project must focus on:
If you want help to find a project partner, contact the relevant sector team at Innovate UK KTN.
Our team is available to support your business in implementing SLA's - get in touch with one of our consultants.
phone: 0116 223 5887 or email: firstname.lastname@example.org
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