INNOVATE UK SMART GRANTS

UK registered organisations can apply for a share of up to £25Mn for game-changing and commercially viable R&D innovations that can significantly impact the UK economy.

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Dates

Competition closes:
Wednesday 17 January 2024 11am 

Applicants notified:
11 December 2023

Project start date:
between 01 February and 01 April 2024

WHAT ARE SMART GRANTS?

Smart Grants is Innovate UK’s responsive grant funding programme for innovative products, processes and services that address a clear market gap, are game-changing and world leading.
Applications can come from any technology sector and be applied to any part of the economy but ideas need to be genuinely new and novel (not just disruptive within the sector), set for rapid commercialisation, with a clear potential to positively impact the UK’s position, productivity, and competitiveness within the global market.

ARE YOU ELIGIBLE FOR SMART GRANTS?

To apply for a Smart Grant, your project must: 

  • be a UK registered SME if you want to work alone 
  • If collaborative, be led by a UK registered business of any size, or RTO, and include at least one SME.
  • be carried out in the UK and project results exploited from UK.

Smart Grants will not fund projects:

  • where the technology is available or used in another sector
  • where other Innovate UK funding support is available and more appropriate
  • that are dependent on export performance, or that are dependent on domestic inputs usage

ARE YOU ELIGIBLE FOR SMART GRANTS?

  • Stream 1: between 6-18 months; total eligible project costs £100K-£500K; Can be single or collaborative projects.
  • Stream 2: between 19-36 months; total eligible project costs £100K-£2Mn. Must be collaborative projects.

For Feasibility Studies or Industrial Research you could get funding for your eligible project costs of:

  • up to 70% if you are a micro or small organisation
  • up to 60% if you are a medium-sized organisation
  • up to 50% if you are a large organisation

For Experimental Development you could get funding for your eligible project costs of:

  • up to 45% if you are a micro or small organisation
  • up to 35% if you are a medium-sized organisation
  • up to 25% if you are a large organisation

Research organisations in your consortium can share up to 30% of the UK total eligible project costs.

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HOW PNO CAN SUPPORT YOU

PNO Consultants specialise in developing winning Smart Grants proposals, with a full understanding of how a project should be presented to stand the highest chance of success.

Our sector-leading expertise significantly increases the likelihood of success in Smart Grants and other national and EU funding schemes. Our passion is in enabling the highest-potential SMEs to accelerate their innovation journey. Don’t hesitate to get in touch to scope your project ideas with us without any obligation.

CONTACT US

For further information or to discuss a project idea please contact PNO Consultants through the form below or 0161 488 3488, info.uk@pnoconsultants.com

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