Smart is Innovate UK’s responsive grant funding programme. It has focused eligibility criteria and scope to support SMEs and their partners to develop disruptive innovations with significant potential for rapid, economic return to the UK.

Innovate UK, part of UK Research and Innovation, is investing up to £25million in the best game-changing, and world leading ideas, designed for swift, successful commercialisation. Ideas need to be genuinely new and novel, not just disruptive within their sector.

Your proposal must be business focused, with deliverable, realistic, adequately resourced plans to achieve return on investment, growth and market share following project completion.

Questions for this round of Smart reflect the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth and exports.

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.

Eligibility

If your application does not meet the eligibility criteria for this competition, it will be marked as ineligible and will not be sent for assessment.

Your project must:

• start by 1 May 2023
• end by 30 April 2026
• include at least one micro, small or medium-sized enterprise (SME) as the lead or a collaborative grant claiming partner
• follow specific rules dependent on its duration
• carry out all of its project work in the UK
• intend to exploit the results from or in the UK

The end by date is the date by which all funding for this round of the competition must end. Your contracted project end date will not be extended.

If your project’s duration is 6 to 18 months, it must:

• have total project costs between £100,000 and £500,000
• be single or collaborative

If your project’s duration is 19 to 36 months, it must:

• have total project costs between £100,000 and £2 million
• be collaborative

You must only include eligible project costs in your application.

Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian source.

To lead a project your organisation must:

• be an SME if you want to work alone
• be a UK registered business of any size or a research and technology organisation (RTO) if collaborative
• include at least one SME if you are a large business or RTO and wish to collaborate with other UK registered businesses, research organisations, academic organisations, public sector organisations or charities
• claim grant funding

If the lead organisation is an RTO it must collaborate with 2 businesses (one SME, and one business of any size) and there must be a credible route to market for the output of the project. Since the purpose of RTOs is to speed up the progress of those using their services, this is expected to be through the partners, rather than through the RTO itself.

To collaborate with the lead, your organisation must be one of the following UK registered:

• business of any size
• academic institution
• charity
• not for profit
• public sector organisation
• research and technology organisation (RTO)

Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Once accepted, partners will be asked to login or to create an account and enter their own project costs into the Innovation Funding Service.

If collaborative, the lead and at least one other organisation must claim grant funding by entering their costs during the application.

Subcontractors are allowed in this competition.