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This competition closes on 25th November 2020 and Innovate UK have recently announced a new competition to take over from the 26th November 2020. Read more on the latest Smart Grant competition here.
This Innovate UK SMART grant competition has £25m available for game-changing and commercially viable innovative or disruptive ideas. Any innovative research and development (R&D) projects across a variety of technologies, markets and research categories can apply. It is open to any enterprise and must include at least one SME (who could work alone).
Innovate UK have allocated up to £25 million to fund innovation projects in this competition.
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
For experimental development projects which are nearer to market, you could get funding for your eligible project costs of:
This competition provides state aid funding under article 25 Aid for R&D projects, of the General Block Exemption Regulation (GBER). It is your responsibility to make sure that your organisation is eligible to receive state aid.
The research organisations in your consortium can share up to 30% of the total eligible project costs. If your consortium contains more than one research organisation, this maximum is shared between them.
Your application must include at least one micro, small or medium-sized enterprise (SME).
Your project must start no later than 1st February 2021 and end no later than 29th February 2024.
Your project must follow different rules depending on its duration:
If you want to submit a project between 19 months and 36 months with total project costs up to £3 million as a permitted exception, you must email support@innovateuk.ukri.org. You must give full justification at least 10 days before the competition closes. Do not submit your application until Innovate UK write to approve your request.
Innovate UK will give preference to applications that demonstrate realistic, significant potential for global markets.
Proposals from innovation-based businesses with significant ambition and potential for growth or scale-up are welcome.
Where possible, projects should take customer and user needs into account to deliver more desirable and useful solutions.
Proposals must demonstrate:
Click here to discuss your application with one of our expert grant bid writers.
This post was written by Barrie Dowsett who is Chief Executive Officer at Myriad Associates. Click here to read more about Barrie and the Myriad team.
Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.