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Engineering Biology in Cambridge

 

UK registered organisations can apply for a share of up to £25 million for game-changing and commercially viable research and development (R&D) innovation that can significantly impact the UK economy.

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  • Deadline: 26th October 2022
  • Funding: £100,000 - £2 million
  • Duration: 6-36 months
  • Location: UK-wide

Description

Smart is Innovate UK’s responsive grant funding programme. It has focused eligibility criteria and scope to support SMEs and their partners to develop disruptive innovations with significant potential for rapid, economic return to the UK. Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing, and world leading ideas, designed for swift, successful commercialisation. Ideas need to be genuinely new and novel, not just disruptive within their sector. Your proposal must be business focused, with deliverable, realistic, adequately resourced plans to achieve return on investment, growth and market share following project completion. Questions for this round of Smart reflect the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth and exports. Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively net zero, the arts, design and media.= In applying to this competition, you are entering into a highly competitive process where your chance of success in securing funding will depend on the number and quality of applications submitted. This competition closes at 11am UK time on the deadline stated.

Project size

Projects of 6 to 18 months must have total project costs of between £100,000 and £500,000 and can be single or collaborative. Projects of 19 to 36 months must have total project costs of between £100,000 and £2 million and must be collaborative.

Who can apply

Your project must:

  • start by 1 May 2023
  • end by 30 April 2026
  • include at least one micro, small or medium-sized enterprise (SME) as the lead or a collaborative grant claiming partner
  • follow specific rules dependent on its duration
  • carry out all of its project work in the UK
  • intend to exploit the results from or in the UK

The end by date is the date by which all funding for this round of the competition must end. Your contracted project end date will not be extended.

If your project’s duration is 6 to 18 months, it must:

  • have total project costs between £100,000 and £500,000
  • be single or collaborative

If your project’s duration is 19 to 36 months, it must:

  • have total project costs between £100,000 and £2 million
  • be collaborative

Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian source.

Lead organisation

To lead a project your organisation must:

If the lead organisation is an RTO it must collaborate with 2 businesses (one SME, and one business of any size) and there must be a credible route to market for the output of the project. Since the purpose of RTOs is to speed up the progress of those using their services, this is expected to be through the partners, rather than through the RTO itself.

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Originally published by Innovate UK: https://apply-for-innovation-funding.service.gov.uk/competition/1224/ove...