UK registered organisations can apply for a share of up to £25 million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. This funding is from Innovate UK, part of UK Research and Innovation.
Programme: Innovate UK
Award: Share of up to £25 million
Opens: 28th Jul 2022
Closes: 26th Oct 2022
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.
The Smart grant funds a cross-sector portfolio of the best game-changing, and world 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:
Innovate UK are not funding projects:
Innovate UK will not fund commercialisation activities such as marketing and sales.
If your application does not meet the eligibility criteria for this competition, it will be marked as ineligible and will not be sent for assessment.
Your project must:
The end by date is the date by which all funding for this round of the competition must end. Your contracted project end date will not be extended.
If your project’s duration is 6 to 18 months, it must:
If your project’s duration is 19 to 36 months, it must:
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian source.
To lead a project your organisation must:
To collaborate with the lead, your organisation must be one of the following UK registered:
Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project.
Subcontractors are allowed in this competition.
Businesses or RTOs can only lead on one application.
You can use a previously submitted application to apply for this competition. You can make a maximum of 2 submissions to Innovate UK with any given proposal.
Up to £25 million has been allocated to fund innovation projects in this competition. Funding will be in the form of a grant.
If the majority of your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
For experimental development projects which are nearer to market, you could get funding for your eligible project costs of:
The research organisations undertaking non-economic activity as part of the project can share up to 30% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them.
Of that 30% you could get funding for your eligible project costs of up to:
Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.