The Life Science Network for Wales

Finance

06th January 2021

Innovate UK Smart Grants: November 2020

Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and commercially viable innovative or disruptive ideas. All proposals must be business focused.

Competition opens: Wednesday 2 December 2020

Competition closes: Wednesday 20 January 2021 11:00 (GMT)

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

Whilst they welcome projects that overlap with the grand challenge areas this is not a requirement, as they are also keen to support projects in other areas.

They may consider total eligible project costs over £2 million (but not exceeding £3 million), subject to the process set out under ‘Eligibility’.

They may share application details with other public sector co-funders if appropriate.

In this competition all projects awarded funding must upload evidence for each expenditure with every claim made. These might include invoices, timesheets, receipts or spreadsheets for capital usage. This is part of Innovate UK’s obligations under the Managing Public Money government handbook in relation to assurance, financial management and control.

To monitor the impact of their work to promote equality, diversity and inclusion (EDI) they need to collect relevant data and evidence. For this competition this means:

  • all applicants are required to complete the EDI survey
  • applicants are prompted to consider EDI as part of the application process

EDI considerations are highly encouraged where appropriate in the proposal. Applications will continue to be assessed on their innovation merit, where innovation is defined as the potential for commercially successful exploitation of ideas.

In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.

Project size

Projects with durations between 6 and 18 months must have total eligible project costs between £25,000 and £500,000. Projects between 19 months and 36 months must have total eligible project costs between £25,000 and £2 million.

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