Innovate UK, part of UK Research and Innovation, recently announced the launch of its latest Smart Grants competition. This initiative is set to invest up to £25 million in projects that promise to deliver significant economic impacts for the UK. This is a great opportunity for innovators with game-changing ideas to secure substantial funding and bring their innovations to market.

Details

Competition Opened: Thursday, 25 July 2024
Competition Closes: Wednesday, 23 October 2024 at 11:00 am

Proposals can come from any area of technology and be applicable to any part of the economy. This broad scope ensures that all innovative ideas, regardless of their field, have a chance to secure funding.

How to Apply

Begin your application by visiting the Innovate UK website.

In your application you will be asked to explain -

• The specific innovation you propose to develop
• How your innovation is clearly different from alternative solutions that are already available
• The specific need or challenge you propose to address and who would benefit from it immediately and longer-term
• Any work you have already done to respond to this need, for example, if the project focuses on developing an existing capability or building a new one

Make an impact

At Innovate Design, we believe in the power of innovation to transform industries and improve lives. This funding competition is an incredible opportunity for you to bring your visionary projects to fruition. We encourage all eligible businesses and innovators to apply and take advantage of this chance to make an impact.

If you need any support in developing your idea and preparing your application, please book your free consultation. One of our innovation coaches will be in touch to find out how we can help.