Innovate UK Smart Grants – Latest round of funding

Disruptive research and development (R&D) innovations with the potential to have a significant impact on the UK economy are eligible for funding of up to £25 million.

All proposals must have a business-focused approach and include actionable, realistic, and well-resourced plans for achieving return on investment, market share growth, and resource allocation after the project is finished.

Applications can come from any technological field and be used in any sector of the economy, including but not limited to:

• Net-zero
• The arts
• Design and Media

This round of Smart grants reflects the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth and exports.

Your proposal must show:

• A game-changing, inventive, and disruptive idea that will result in new goods, processes, or services in order to be included in the scope.
• A concept that is far superior to others in the space and is destined for quick commercialization.
• There is a strong chance that this will have a good effect on the UK’s standing, productivity, and competitiveness in the global economy.

Projects may cover a range of markets, technologies, and research areas, including:

• Projects for industrial research or feasibility studies
• Projects involving experimental development

At least one micro, small, or medium-sized enterprise (SME) must be listed as the lead or collaborative grant claiming partner in your application.

Projects must begin by May 1, 2023, and end by April 30, 2026, and must adhere to rules specific to their length.

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