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Innovate UK Smart grants

Apply before: January 22, 2025

The Innovate UK Smart Grants competition offers up to £15 million in funding to support game-changing and commercially viable R&D innovations that have the potential to significantly impact the UK economy. The funding is part of UK Research and Innovation’s efforts to address key national missions such as economic growth, clean energy, public safety, healthcare, and opportunities expansion. This competition supports micro, small, and medium-sized enterprises (SMEs) that develop innovative solutions with rapid commercialisation potential. Applications can be submitted for projects in any sector and must have the potential for economic return, growth, and market share after completion.

Eligibility

The eligiblity criteria for Innovate UK Smart grants are :

  • Applicant Type: Open to UK-registered businesses, especially SMEs and their partners.
  • Project Focus: Must develop game-changing, commercially viable R&D innovations.
  • Funding Limits:
    • 6 to 18 months projects: £100,000 to £500,000.
    • 19 to 24 months projects: £100,000 to £1 million (must be collaborative).
  • Market Potential: Proposals must show clear potential for commercialisation and market growth after project completion.
  • Economic Impact: Projects should aim to contribute to the UK economy, including areas like clean energy, public safety, and healthcare.

10 Signs You Might Be an Entrepreneur

Benefits

The benefits for Innovate UK Smart grants are:

  • Funding Amount: A total of £15 million available for the competition.
  • Support for SMEs: Funding helps SMEs develop and commercialise innovative R&D projects.
  • Flexible Funding: Projects can range from £100,000 to £1 million depending on project size and duration.
  • Wide Scope: Open to all technology sectors, aiming for economic impact.
  • Collaboration: Encourages collaborative projects for larger funding opportunities.
  • Economic Growth: Supports projects that drive economic growth and productivity improvements across the UK.

Application Process

Click here to apply.

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Theme : Funding
Applicant Country : United Kingdom
For more information : GOV.UK

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