Innovate UK is investing up to £25 million in the best game-changing and world-leading ideas, designed for swift, successful commercialisation.

The Innovate UK Smart Grant has focused scope and eligibility criteria to support micro, small or medium-sized enterprises (SMEs) and their partners in developing genuinely new innovations with significant potential for rapid economic return to the UK. The application process reflects the importance of obtaining economic benefits from public funding, and the potential for successful commercialisation, growth and exports.

Proposals must be business-focused and show deliverable, realistic, adequately resourced plans to achieve a return on investment, growth and market share following project completion.

Applications can come from any area of technology and be applied to any part of the economy.