Innovate UK Smart Grants are for the best ideas from business, no matter what field they are in, where they are from, and the stage of innovation – from testing the feasibility of an idea to development and prototyping. 

They are for business innovation projects that offer a major step-change, either to what’s already available or by developing an entirely new technology, service or process.

These should have a high potential for commercialisation within the UK and wider global markets.

Projects should be:

  • for products, processes or services that are game-changing or disruptive
  • significantly ahead of others in the field
  • backed up by a strong, achievable business plan, practical financial planning and timelines, and realistic risk management and mitigation
  • led by skilled and experienced teams used to running successful projects, to time
  • good value for money
  • quickly commercialised following completion, to offer a clear return on investment
  • able to create a considerable positive impact to UK productivity and the economy

Competition information

  • the competition is open and the deadline for applications is midday on 24 April 2019
  • businesses of any size or research and technology organisations can lead a project
  • leads can work alone or collaborate with others, depending on the project length and size. They should involve at least one small or medium-sized enterprise
  • projects with total eligible costs of £25,000 to £500,000 should last between 6 and 18 months
  • projects with total eligible costs of £25,000 to £2 million should last between 13 months and 3 years
  • businesses could get up to 70% of their costs
  • awarded projects must start by 4 November 2019

To find out more about this grant scheme please visit the website using the link provided on the right hand side.