UK registered organisations can apply for a share of up to £25m for game-changing R&D that can significantly impact the UK economy.
nnovate 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.
The Innovate UK Smart grant has focused scope and eligibility criteria to support SMEs (small and medium sized enterprises) and their partners in developing genuinely new innovations with significant potential for rapid economic return to the UK. The application process reflects the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth, and exports.
Proposals must be business focused, and show deliverable, realistic, adequately resourced plans to achieve return on investment, growth and market share following project completion.
Applications can come from any area of technology and be applied to any part of the economy.
The eligibility criteria for the Smart January 2024 round of the competition are different to previous rounds of the Smart grant. Please read the guidelines carefully before submitting your application.
Projects of 6-18 months (single or collaborative): costs £100k-£500k. Projects of 19-24 months (must be collaborative): costs £100k-£1m. Up to 70% of costs can be covered depending on business size and project type.