Innovate UK has opened it’s Spring 2022 Smart Grants scheme for game-changing and disruptive innovation ideas with a high potential for commercial success.
Eligible projects should focus on developing a completely new product, service or process or developing a brand-new use or an unprecedented use for an existing product, service or process, beyond what’s currently available.
Projects can be:
- Early feasibility studies to analyse and evaluate the potential of an idea, including market research
- Industrial research, with the intention that the skills and knowledge acquired will lead to an improvement in existing products, processes or services
- Experimental development, actually developing these new products, processes or services through activities including prototype testing, piloting and demonstration.
Grant funding towards project costs between £25k and £3 million, with up to 70% project funding.
The closing date for applications is 13 April 2022.
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