Innovate UK Smart Grants
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing ideas that it deems can significantly impact the UK economy.
Ideas need to be designed for swift, successful commercialisation and be genuinely new and novel, not just disruptive within their sector.
All proposals must be business-focused, with 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, such as, but not exclusively:
- net-zero,
- the arts, or
- design and media.
To be in scope, your proposal must demonstrate (among 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; and
- clear potential to positively impact the UK’s position, productivity, and competitiveness within the global economy.
There are key criteria around the projects that can apply, the type of costs that will be funded and the percentage of eligible costs that will be funded. There are also clear parameters for projects that will not be funded.
The competition closes on Wednesday 27th September 2023.
You can watch a zoom recording of an applicant briefing for the scheme, or read the competition overview.
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