Get in touch
Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.Contact us
UK registered organisations can apply for a share of up to £25 million for game-changing and commercially viable R&D innovations that can significantly impact the UK economy.
Are you an entrepreneur, a small or medium-sized enterprise (SME), or a research organisation with groundbreaking ideas that could revolutionise the world? If so, Innovate UK is offering an incredible opportunity to turn your innovative concepts into reality. With a commitment of up to £25 million in funding, Innovate UK is on the lookout for game-changing projects that are designed for swift and successful commercialisation.
Up to £25 million to fund innovation projects in this competition. Funding will be in the form of a grant.
If your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically but for the purpose of this project will be undertaking commercial or economic activity.
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:
For more information on company sizes, please refer to the company accounts guidance.
If you are applying for an award funded under State aid Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.
The research organisations undertaking non-economic activity as part of the project can share up to 30%of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them. Of that 30% you could get funding for your eligible project costs of up to:
📖📖Read our blog article to learn all about Unlocking Innovation in the UK: Your Guide to Innovate UK Funding and Support
This round of the competition will be the last using the eligibility criteria in the current format. Future rounds of the competition will have different eligibility criteria to support the scope requirements for Smart funding, and the need for projects to be focused on successful commercialisation post-project completion.
Your project must:
Projects must always start on the first of the month and this must be stated within your application. Your project start date will be reflected in your grant offer letter if you are successful.
The end by date is the date by which all funding for this round of the competition must end. Your contracted end date will not be extended.
If your project’s duration is 6 to 18 months, it must:
If your project’s duration is 19 to 36 months, it must:
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian and Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian and Belarusian source.
To lead a project or work alone your organisation must:
More information on the different types of organisation can be found in our Funding rules.
If the lead organisation is an RTO it must collaborate with at least 2 businesses (one SME, and one business of any size) and there must be a credible route to market for the output of the project. Since the purpose of RTOs is to speed up the process of those using their services this is expected to be through the other project partners, rather than the RTO itself.
Academic institutions cannot lead or work alone.
To collaborate with the lead, your organisation must be one of the following UK registered:
Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Once partners have accepted the invitation, they will be asked to login or to create an account in the Innovation Funding Service. They are responsible for entering their own project costs and completing their Project Impact questions in the application.
To be an eligible collaboration, the lead and at least one other organisation must apply for funding when entering their costs into the application.
Your project can include UK partners that do not receive any of this competition’s funding.Their costs will count towards the total project costs.
Subcontractors are allowed in this competition.
Subcontractors must be based in the UK for the duration of the project and their portion of the project work must be carried out in the UK. Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.
All subcontractor costs must be justified and appropriate to the total project costs.
For the purposes of this competition the Channel Islands and the Isle of Man are crown dependencies and not classed as part of the UK. Subcontractors located there would be ineligible.
A business or research and technology organisation (RTO), can only lead on one application but can be included as a collaborator in a further two applications. Any subsequent applications submitted with the same lead will be ineligible and will not be forwarded for assessment.
All project partners can collaborate on any number of applications.
The Innovate UK Smart grant supports SMEs and their partners develop the best game changing and world-leading innovative R&D 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.
To be in scope your proposal must demonstrate:
Your project must focus on:
Innovate UK will fund feasibility projects, industrial research projects and experimental development projects, as defined in the guidance on categories of research.
Innovate UK are not funding projects:
Innovate UK will not fund commercialisation activities such as marketing and sales.
Innovate UK cannot fund projects that are:
Our market-leading team is ready to put your company front and centre, aiming to secure the R&D grants in the UK that elevates your innovation strategy to the next level.
Millions of euros on non-repayable grant funding could be at stake. Why not see what we can do for you. Contact us on +353 1 566 2001 or send us a message and we'll call you back.
For further reading on Innovate UK funding, click on any of the links below: