Innovate UK SMART Grants

Innovate UK SMART Grants support ground-breaking, innovative and financially viable research and development (R&D) projects.

What are Innovate UK SMART
grants?

UK-based companies have the opportunity to seek a
portion of the £25,000,000 funding from the Innovate
UK SMART Grant, which supports SMEs to develop
disruptive innovations with significant return potential.

Eligibility and exclusions

To apply for the Innovate UK SMART Grant, your business
should have either an idea for a completely new product,
service, or process, or a novel use for an existing product,
service, or process that goes beyond what is currently
available in the market.

The scheme aims to support businesses with innovative
concepts and help them develop groundbreaking solutions
to improve products or services.

Benefits and scenarios

Through the Innovate UK SMART Grant, you can get
access to funding to help develop an innovative product
or process and get it to market quickly.

Risks

The Innovate UK SMART Grant may not lead to the
successful launch or commercialisation of your product
or service.

These grant competitions are also extremely competitive,
so a successful application is not guaranteed.

Think an Innovate UK SMART Grant could
be a good fit for you?

Speak to one of our finance specialists today
to find out how you can get started.

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Innovate UK SMART Grants