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£25 million up for grabs for ‘game-changing’ ideas

The Hub News Team | 11.3.20

A call has gone out for businesses to take advantage of a £25 million cashpot to develop game-changing products and services.

Innovate UK's Smart programme says it has the cash 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.

A spokesman said: "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.

"Applications can come from any area of technology, science and engineering and can include the arts, design, media and creative industries."

The deadline for applications is at midday on 22 April and businesses of any size may apply. 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 six and 36 months.

For more details click here


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