Applications open for Innovate UK Smart Grants

Are you ready to bring your ground-breaking ideas to life?

Innovate UK is investing up to £25 million in the most transformative and world-leading concepts, aimed at rapid and successful commercialisation.

Innovate UK Smart grants: July 2024 supports micro, small or medium-sized enterprises (SMEs) and their partners, offering funding where other opportunities are not available or appropriate and where timing is key. This competition is open to single applicants and collaborations.

Your project must focus on:

• 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 this should include all subcontractor activities
• intend to commercially exploit the project results from the UK

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.

• Applications open: 25th July 2024
• Applications close: 23rd October 2024

The Innovate UK Smart grant has focused scope and eligibility criteria to support micro, small or medium-sized enterprises (SMEs) and their partners in developing genuinely new innovations with significant potential for rapid economic return to the UK. The application process reflects the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth, and exports.

Proposals must be business focused, and show deliverable, realistic, adequately resourced plans to achieve return on investment, growth and market share following project completion. Applications can come from any area of technology and be applied to any part of the economy. In applying to this competition, you are entering into a competitive process. This competition has a funding limit, so we may not be able to fund all the proposed projects. It may be the case that your project scores highly but we are still unable to fund it. The total budget will be divided between the two competition streams (see project size).

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Other funding and grant opportunities:

Business Doncaster provide FREE independent support and signposting to new and existing businesses and to individuals who have an idea for a business but do not know where to start with the financial side of things.

To see the latest funding and grant opportunities please click the buton below: