News article

Smart funding for game-changing product and service ideas

15 January 2020

Next round of Innovate UK Smart Grants opens - deadline 22 April 2020

Up to £25 million is available through Innovate UK's Smart programme to invest in innovative business projects across any area of technology, science and engineering.

To be eligible to enter this competition, proposals must demonstrate a clear, game-changing, ambitious idea leading to new products, processes or services. The idea should be significantly ahead of others in the field, set for rapid commercialisation.

Ideas that have realistic, significant potential for global markets will be given preference. Where possible, projects should take customer and user needs into account to deliver more desirable and useful solutions.

Applications can come from any area of technology, science and engineering and can include the arts, design, media and creative industries. They can be in line with the grand challenges of the government's Industrial Strategy, but ideas from outside these areas will also be considered.

Competition information
The competition opened on 9 January 2020. The deadline for applications is at midday on 22 April 2020.

Businesses of any size may apply, and all applications must include a micro, small or medium-sized company. Projects can range in size from £25,000 to £2 million and last between 6 and 36 months.

Find out more about this latest Smart competition and apply.