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Innovation funding available for game-changing ideas

Innovate UK Smart: for disruptive or game-changing ideas

The new Smart programme will fund UK-based businesses of all sizes from any UK region that want to carry out ambitious and high-risk R&D innovations.

So what is Innovate UK Smart funding?

Innovate UK Smart is all about ideas, business and growth. It offers a grant funding opportunity where it is you and your idea which is most important, rather than us telling you what the next big thing should be.

So this is a responsive funding programme that caters to those ideas that have the potential for significant economic impact and do not necessarily fall into any of our other current programmes.

Innovate UK Smart are looking to fund UK-based businesses of all sizes from any region in the UK that want to carry out ambitious and high-risk R&D innovations in any area of industry and/or technology.

It is also about giving businesses the chance to apply for funding when it suits them the most, with greater flexibility in scope, timeframe, and opportunities for larger grants for single company applicants.

Grants are for projects that can provide evidence for considerable potential to gain market share, generate economic impact and exports.

To apply your business needs either:
• an idea for a completely new product, service or process
• a brand-new use or an unprecedented use for an existing product, service or process that take it above and beyond what’s currently available

It is not limited to a particular industry or technology area. Grants are for projects that offer a major innovation compared to what’s already available and have strong potential for commercialisation in the UK and overseas.

For more details, click here

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