£25m UK R&D Fund Opens For Innovative Or Disruptive Ideas In The Creative Industries

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Innovate UK, part of UK Research and Innovation, has opened a new £25m fund to support game-changing and commercially viable innovative or disruptive ideas.

Smart is the new name for Innovate UK’s ‘Open grant funding’ programme.

Applications can come from any area of technology and be applied to any part of the economy, such as but not exclusively:

• the arts, design and media

• creative industries

• science or engineering

All proposals must be business focused.

Innovate UK welcomes projects that overlap with the grand challenge areas but this is not a requirement, as it is also keen to support projects in other areas.

The organisation may consider eligible project costs over £2 million (but not exceeding £3 million), subject to the process set out under ‘Eligibility’.nnovate UK Smart grants are available for game-changing and disruptive ideas from business, through a regular, competitive application process.

Grants are for projects that can provide evidence for considerable potential to gain market share, generate economic impact and exports.

To apply your business needs either:

• an idea for a completely new product, service or process

• a brand-new use or an unprecedented use for an existing product, service or process that take it above and beyond what’s currently available

It is not limited to a particular industry or technology area.