Smart is a grant scheme which offers funding to small and medium-sized enterprises (SMEs) to engage in R&D projects in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge.
The scheme supports SMEs carrying out R&D which offers potentially significant rewards and that could stimulate UK economic growth.
Three types of grant are available:
Proof of market
Proof of concept
Development of prototype.
Any UK SME undertaking research and development may apply; applications are accepted on a rolling basis for assessment by independent experts.
The new batch assessment dates for Smart scheme applications during the financial year 2014/15, which starts on 27 March, are:
2015 close dates: 29 January 2015 and 26 March 2015.
Please note: The batch assessment date for Round 5 of the current financial year 2014/15 is 29 January 2015 12:00 noon
Smart responsive mode is "always open". However to assist Innovate UK in the processing of these applications, we assign them into batches for final assessment and funding.
Click here for more information.