Innovate UK Funding

Smart

Overview 

You can get £25,000 to £250,000 from Innovate UK to run an R&D project. You could use this funding to develop a new product, process or service. 

Grant levels vary. You can get funding of up to 60% of your project costs to prove that your idea will work or to find a potential market. You can get funding of up to 45% to develop a prototype. You will need to fund the remaining costs yourself.

Eligibility

To qualify for Smart funding you must:

  • be an early-stage, micro, small or medium-sized UK business or be thinking of starting a business
  • have both the ambition and potential to achieve high growth
  • work in science, engineering or technology industries

How to apply

The Smart funding programme is always open and is not restricted to specific themes or industries. You must apply online.

Read about how other businesses have benefited from Smart funding.

Apply online for Smart funding