Innovate UK Smart Grants

Fund Name: Innovate UK Smart Grants
Project Length: 6-18 months or 19-36 months
Project Value: Share of up to £25m
Deadline: 24/07/2019

Summary

Innovate UK, part of UK Research and Innovation, will invest up to £25 million in the best game-changing, innovative or disruptive ideas with a view to commercialisation.

Fund Details

Your proposal must demonstrate:

  • a clear game-changing, innovative and/or disruptive and ambitious idea leading to new products, processes or services
  • an idea that is significantly ahead of others in the field, set for rapid commercialisation
  • a strong and deliverable business plan that addresses (and documents) market potential and needs
  • a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
  • a team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
    sound, practical financial plans and timelines
  • awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays and so on) with realistic management, mitigation and impact minimisation plans for each
  • clear, considerable potential to significantly impact the UK economy and/or productivity in a positive way
  • good value for money, which will always be a consideration in Innovate UK funding decisions

Duration between 6 and 18 months: total eligible project costs between £25,000 and £500,000 (single company or collaboration). Duration between 19 and 36 months: total eligible project costs between £25,000 and £2 million (collaboration only).

Eligibility

To lead a project you must:

  • be a UK based business of any size or a research and technology organisation (RTO)
  • carry out your R&D project activity in the UK
  • intend to commercially exploit the project results from the UK
  • be an SME if you want to work alone
  • include at least one SME if you want to collaborate with others (businesses, research organisations and/or charities)
Get In Touch

If you think that you might be eligible for this fund, please Get In Touch by filling out the contact form below.

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