Innovate UK SMART Grants: July 2019

Fund Name: Innovate UK SMART Grants: July 2019
Project Length: 6-18 months
Project Value: Share of up to £25m
Deadline: 16/10/2019

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. All proposals must be business focused.

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, etc) with realistic management, mitigation and impact minimisation plans for each risk
  • 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 and total eligible project costs between £25,000 and £500,000: can be single or collaborative. Duration between 19 and 36 months and total eligible project costs between £25,000 and £2 million: must be collaborative.

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 or in the UK
  • be an SME if you want to work alone
  • include at least one SME if you are a large business or RTO and wish to collaborate with other businesses, research organisations, public sector organisations 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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