Innovate UK Smart Grants

Innovate UK, part of UK Research and Innovation, has launched another round of Smart Grants funding for game-changing and commercially viable R&D innovation.

Up to £25 million is available for disruptive research and development (R&D) innovations that can significantly impact the UK economy. All proposals must be business-focused, with deliverable, realistic, adequately resourced plans to achieve a 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, such as:

• Net zero
  
• The arts 
• Design and media 

To be in scope, your proposal must demonstrate (amongst other things):

• A game-changing, innovative, and disruptive idea that will lead to new products, processes, or services
  
• An idea that is significantly ahead of others in the field, set for rapid commercialisation
• Clear potential to positively impact the UK's position, productivity, and competitiveness within the global economy

Projects can be across a variety of technologies, markets, and research categories, including:

• Feasibility projects 
  
• Industrial research projects 
• Experimental development projects 

Your application must include at least one micro, small or medium-sized enterprise (SME) as the lead or a collaborative grant-claiming partner.

Projects must start by 1 July 2023 and end by 30 June 2026 and follow specific rules dependent on their duration.

More information can be found here.