Innovate UK Smart grants: January 2023 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. This funding is from Innovate UK, part of UK Research and Innovation. Eligibility This competition is open to single applicants and collaborations. To lead a project your organisation must: be a UK registered business of any size be a UK registered research and technology organisation (RTO) carry out all your research and development (R&D) project activity in the UK intend to commercially exploit the project results from the UK You must be or involve at least one grant claiming micro, small or medium-sized enterprise (SME). Open now Opened: 19 January 2023 Closes: 26 April 2023
Programme: Innovate Uk
Opens: 19 January 2023
Closes: 26 April 2023
Smart is Innovate UK’s responsive grant funding programme. It has focused eligibility criteria and scope to support SMEs and their partners to develop disruptive innovations with significant potential for rapid economic return to the UK.
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and world-leading ideas, designed for swift, successful commercialisation. Ideas need to be genuinely new and novel, not just disruptive within their sector.
Your proposal must be business focused, with deliverable, realistic, adequately resourced plans to achieve return on investment, growth and market share following project completion.
Questions for this round of Smart reflect the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth and exports.
Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively, net zero, the arts, design and media.
In applying to this competition, you are entering into a highly competitive process where your chance of success in securing funding will depend on the number and quality of applications submitted.In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.
Projects of 6 to 18 months must have total eligible project costs between £100,000 and £500,000 and can be single or collaborative. 19 to 36 month projects must have total eligible project costs between £100,000 and £2 million and must be collaborative.
If your application does not meet the eligibility criteria for this competition it will not be sent for assessment.
Your project must:
The end by date is the date by which all funding for this round of the competition must end. Your contracted project 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 your organisation must:
More information on the different types of organisation can be found in our Funding rules.
Up to £25 million has been allocated 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. This is a change from the EU definition unless you are applying under State aid.
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.