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Innovate UK Funding SMART Scheme

Our University can work with you to support you to access appropriate funding to access valuable research and consultancy services to support your business success. 
The SMART scheme offers funding to SME's to engage in R&D projects in areas of science, engineering and technology, from which successful new products, processes and services could emerge. 
Funding is available for businesses in all stages (inc. pre start-ups & start-ups), and in all industries.
There are three types of grant:

1. Proof of Market

Funding to test the commercial viability of the new product, process or service.
Max grant £25k - up to 60% of total project costs

2. Proof of Concept

Initial feasibility studies, basic prototyping, pre-clinical research studies for healthcare technologies etc.
Max grant £100k - up to 60% of total project costs

3. Development of Prototype

Funding to develop a pre-production prototype of a technologically innovative product.
Max grant £250k - up to 45% of total project costs for Small and 35% for Medium sized businesses
Our experienced team can help you to make sense of these funds and look at optimum applications for your business. Please do not hesitate to contact us for an informal chat about how we can support your business growth. 

Please contact the Enterprise and Innovation Academy  on:

T: 0113 8121904