back to open calls
Opens:
28/8/2020
Closes:
25/11/2020
Sectors:
All
Energy
Project Size:
TBC

Summary

Smart is Innovate UK’s ‘Open grant funding’ programme. Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively:

  • The arts, design, and media
  • Creative industries
  • Science or engineering


Eligibility

To lead a project, you must:

  • Be a UK registered business of any size or a research and technology organisation (RTO)
  • Carry out your R&D project activity in the UK
  • Intend to commercially exploit the project results from or in the UK
  • Be an SME if you want to work alone
  • Include at least one SME if you are a large business or RTO and wish to collaborate with other UK registered businesses, research organisations, public sector organisations or charities


Projects must start no later than 1 May 2021 and end no later than 31 May 2024.


Projects with durations between 6 and 18 months must have total eligible project costs between £25,000 and £500,000. Those with durations between 19 and 36 months must have total eligible project costs between £25,000 and £2 million.


Subcontractors are allowed in this competition. All subcontractors must be based in the UK for the duration of the project and their portion of the project work must also be carried out in the UK.


Projects can be at different levels of technological maturity, up to but not including commercialisation.


Scope

Your proposal must demonstrate:

  • A clear game-changing, innovative, and/or disruptive and ambitious idea leading to new products, processes or services
  • An idea that is significantly ahead of others in the field, set for rapid commercialisation
  • A strong and deliverable business plan that addresses (and documents) market potential and needs
  • A clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
  • A team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
  • Awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays, etc) with realistic management, mitigation, and impact minimisation plans for each risk
  • Clear, considerable potential to significantly impact the UK economy and/or productivity in a positive way
  • Sound, practical financial plans, and timelines that represent good value for money, which will always be a consideration in Innovate UK funding decisions.


Innovate UK will give preference to applications that demonstrate realistic, significant potential for global markets.


Proposals from innovation-based businesses with significant ambition and potential for growth or scale-up are welcome.


Where possible, projects should take customer and user needs into account to deliver more desirable and useful solutions.


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