Closes: 24 April 2024
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.
The Innovate UK Smart grant has focused scope and eligibility criteria to support SMEs 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.
In applying to this competition, you are entering into a competitive process where your chance of success in securing funding will depend on the number and quality of applications submitted.
The total budget will be divided between the two streams.This competition closes at 11am UK time on the deadline stated.
The eligibility criteria for the Smart January 2024 round of the competition are different to previous rounds of the Smart grant. You must ensure your application meets the new eligibility criteria or it will not be sent for assessment.
Your project must:
Projects must always start on the first of the month and this must be stated within your application. Your project start date will be reflected in your grant offer letter if you are successful.
The end by date is the date by which all funding for this round of the competition must end. Your contracted 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 24 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 or Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
To lead a project or work alone your organisation must:
More information on the different types of organisation can be found in our Funding rules.
If the lead organisation is an RTO it must collaborate with at least 2 two businesses (one SME, and one business of any size) and there must be a credible route to market for the output of the project. Since the purpose of RTOs is to speed up the process of those using their services this is expected to be through the other project partners, rather than the RTO itself.
Academic institutions cannot lead or work alone.