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Innovate UK Smart Grants Program

Organisation: Innovate UK

Status: Closed

  • Grant

Funding Size: £100,000 to £2,000,000

Deadline: 05/01/2022

  • Eligibility:
    – business
    – academic institution
    – charity
    – not-for-profit
    – public sector organisation
    – research and technology organisation (RTO)
  • Type of funding: Programmatic
  • Target countries: Worldwide
  • Application language: English

Applications are now open for the Innovate UK Smart Grants Program. Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and commercially viable innovative or disruptive ideas. All proposals must be business focused. Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively: the arts, design and media creative industries
science or engineering.

Your proposal must demonstrate:
  • a clear game-changing, innovative, disruptive, and ambitious idea leading to new products, processes or services
  • an idea that is significantly ahead of others in the field, set for rapid commercialisation
  • a strong and deliverable business plan that addresses (and documents) market potential and needs
  • a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
  • a team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
    awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays, etc) with realistic management, mitigation and impact minimisation plans for each risk
  • clear, considerable potential to significantly impact either or both, the UK economy and productivity in a positive way
  • sound, practical financial plans and timelines that represent good value for money, which will always be a consideration in Innovate UK funding decisions
    Specific Themes
Eligibility Criteria
  • Lead organisationTo 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
    –carry out all your project work in the UK
    –intend to commercially exploit the results from or in the UK

See here to learn more and apply.

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