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Innovate UK Smart Round 5

By Natasha Sim

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 and 26 March. 

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.


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