Innovate UK Smart Grants: October 2021
UK registered organisations can apply for a share of up to £25million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy.
Projects of 6-18 months must have total eligible project costs between £100,000 and £500,000. Projects of 19-36 months must have total eligible project costs between £100,000 and £2 million. Up to 70% of costs can be covered depending on market readiness and business size.
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and commercially viable innovative or disruptive ideas. All proposals must be business focused.
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
Whilst we welcome projects that overlap with the grand challenge areas this is not a requirement, as we are also keen to support projects in other areas.
Equality, diversity and inclusion (EDI) considerations are highly encouraged where appropriate in your proposal. You are prompted to consider EDI as part of the application process. Applications will continue to be assessed on their innovation merit, where innovation is defined as the potential for commercially successful exploitation of ideas.
The eligibility criteria for this competition are different from previous rounds of the Innovate UK Smart grant.
Your project must:
- include at least one micro, small or medium-sized enterprise (SME) as the lead or a collaborative grant claiming partner
- start by 1 July 2022
- end by 30 June 2025
- follow specific rules dependent on its duration
If your project’s duration is 6 to 18 months, it must have total eligible project costs between £100,000 and £500,000, and can be single or collaborative.
If your project’s duration is 19 to 36 months, it must have total eligible project costs between £100,000 and £2 million, and must be collaborative.
If you want to submit a collaborative project from 19 months to 36 months duration with total eligible project costs of up to £3 million as a permitted exception, you must email firstname.lastname@example.org. You must provide full justification at least 10 working days before the competition closes. Innovate UK will decide whether to approve your request.
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
- carry out all your project work in the UK
- intend to commercially exploit the results from or in the UK
Academic institutions cannot lead or work alone.
To collaborate with the lead, your organisation must be a UK registered business, academic institution, charity, not-for-profit, public sector organisation, or research and technology organisation (RTO).
Your proposal must demonstrate:
- a clear game-changing, innovative, 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 either or both, the UK economy and 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
Your project should:
- demonstrate realistic, significant potential for global markets
- take customer and user needs into account to deliver more desirable and useful solutions
Proposals from innovation-based businesses with significant ambition and potential for growth or scale up are welcome.
We will fund innovative research and development (R&D) projects across a variety of technologies, markets and research categories, including:
- feasibility projects
- industrial research projects
- experimental development projects
These are defined in the guidance on categories of research.
An online briefing will be held at noon on 18th October 2021: click here for the Zoom link.
If you want help to find a project partner, contact KTN.