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News & Press: January 2020

£25m of Smart Funding available - Innovative business ideas for new products

24 January 2020  

From Innovate UK and UK Research and Innovation

Businesses can apply for £25 million of Smart funding to develop game-changing products and services in any area of technology, science and engineering.

Up to £25 million is available through Innovate UK’s Smart programme to invest in innovative business projects across any technology area.

Smart is an open grant funding programme that supports the best UK business ideas whatever area they come from.

Projects must be game-changing in their field

Projects must show that they will exploit game-changing ideas to develop new products, processes and services that will have significant economic impact.

We are particularly looking for ideas that have significant potential for global markets. Projects should also make sure they take account of customer and user needs.

Competition information

• the competition opens on 9 January 2020, and the deadline for applications is at midday on 22 April 2020
• businesses of any size may apply, and all applications must include a micro, small or medium-sized company
• projects can range in size from £25,000 to £2 million and last between 6 and 36 months

Click HERE to find out more about smart funding.

Click HERE to find out more about applying for Innovate UK funding.

Please visit the website here for further details.

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