Revolutionise Your Industry with Innovate UK's £25 Million Smart Grant Funding Opportunity
Unveiling the Opportunity
Innovate UK, as part of UK Research and Innovation (UKRI), is offering up to £25 million in funding through the Smart Grant competition. This funding opportunity aims to support innovative, groundbreaking projects across various sectors that will drive the UK's future economy.
Aim of the Competition
This competition targets:
Your proposal should demonstrate how your project meets the grant eligibility criteria, with a focus on the intended UK-based impact. A key requirement is that at least one SME is either leading or collaborating on the project. Your project must:
Benefits of Participation
Apart from funding, successful participants will have the opportunity to bring innovative solutions to the UK market, contributing to economic growth and sector transformation.
What Successful SMEs Receive
Successful UK registered SMEs will receive:
By applying for this competition, you're participating in a competitive process. The competition closes at 11am UK time on the deadline date.
Your project should target significant challenges or opportunities in your industry sector, significantly enhancing productivity, sustainability, environmental impact, and progression towards net-zero emissions.
Portfolio Approach and Themes
The funders aim to support a variety of projects across markets, balancing the portfolio based on additionality and risk. They show preference to applications and investments that demonstrate greater additionality and reduced risk, alongside those with a higher ratio of investment to grant.
Please note, this competition will not fund projects involving any Russian or Belarusian entity or goods/services from these sources.
Ready to Spark Innovation in Your Sector?
If you're ready to bring your innovative solutions to life, contact us at Inventya on 01925 506 100 or at email@example.com. We're excited to support you on your journey towards transforming your industry and driving economic growth.