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Innovate UK Smart Grants: April 2022

Fund Name

Innovate UK Smart Grants: April 2022

Project Length

6-36 months

Project Value

£100k-£2m

Deadline

27.07.2022

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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.

Check Your Eligibility

Fund Details

To be in scope your proposal must demonstrate:

  • a game-changing, innovative, and disruptive idea that will lead to new products, processes or services
  • an idea that is significantly ahead of others in the field, set for rapid commercialisation
  • clear potential to positively impact the UK’s position, productivity and competitiveness within the global economy
  • a clear, evidence based business plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
  • why Smart funding is the right potential funding for your project, and the journey you have already been on to reach the point of application
  • a team with the necessary skills, and expertise to deliver the project successfully and on time, and to achieve rapid commercialisation
  • awareness of all the main risks the project will face with realistic management, mitigation and impact minimisation plans for each risk
  • sound, practical financial plans and timelines that represent good value for money, including the funding of post-project activities

Specific Themes

Your proposal must:

  • take customer and user needs into account to deliver more desirable and useful solutions
  • identify who is ready to buy your innovation
  • be developed, planned and resourced beyond the end of the Innovate UK funded project, taking into account the focus of any project partners and their existing commitments
  • fit with and complement your ongoing business planning and development, product offerings and organisational structure to maximise chances of success

Eligibility

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:

  • start by 1 January 2023
  • end by 31 December 2025
  • include at least one micro, small or medium-sized enterprise (SME) as the lead or a collaborative grant claiming partner
  • follow specific rules dependent on its duration
  • carry out all of its project work in the UK
  • intend to exploit the results from or in the UK

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 have total project costs between £100,000 and £500,000
  • can be single or collaborative

If your project’s duration is 19 to 36 months, it must:

  • have total project costs between £100,000 and £2 million
  • be collaborative

To lead a project your organisation must:

  • be an SME if you want to work alone
  • be a UK registered business of any size or a research and technology organisation (RTO) if collaborative
  • include at least one SME if you are a large business or RTO and wish to collaborate with other UK registered businesses, research organisations, academic organisations, public sector organisations or charities
  • claim grant funding

Our capacity for this competition will fill up quickly, don’t hesitate, get in touch today to talk to our team.

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