The Smart scheme tackles the funding gap often experienced by many small and early-stage companies who have innovative ideas, high growth ambition and potential.
It offers co-funding to UK-based pre-start-ups, start-ups, micro businesses and SMEs, to carry out science, engineering and technology R&D projects which could lead to successful new products, processes and services.
Smart helps companies assess potential markets, prove concepts and develop prototypes. By reducing financial risk, it aims to encourage SME investment, increase innovation capability, accelerate the commercialisation of new products and services, and contributes to economic growth.
The Smart programme is ‘always open’ and is not restricted to projects in certain themes or sectors, offering funding to single UK-based, small and medium-sized enterprises (SMEs), who have high growth ambition and potential. It helps them to engage in R&D projects from which successful new products, processes and services could emerge.
For more information, please visit: http://www.innovateuk.org