Overview

Smart Grants are designed to support delivery of ambitious or disruptive R&D innovations that can make a significant impact on the UK economy.

Your proposal must demonstrate:

  • a clear game-changing, innovative and/or 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;
  • sound, practical financial plans and timelines;
  • 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 the UK economy and/or productivity in a positive way;
  • good value for money, which will always be a consideration in Innovate UK funding decisions

Key dates

Apply by | Wednesday 22 April | Midday

Applicants notified | Friday 26 June

Briefing recording

View here

Find out more and apply

Full details about this competition and online application form can be found on the Innovation Funding Service website