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Innovate UK launched a brand new loan programme for SMEs to scale up and grow this week. Offering a market-leading interest rate of 3.7% over a 10 year repayment period, it offers businesses the crucial breathing space they need to refine a new product ready for commercialisation. Research and development is risky and it’s not […]

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The European Commission today launched two new generous grant programmes aimed at SME businesses –SME Instrument and Fast Track to Innovation. With a budget of over €2 Billion to spend from 2018 to 2020, this bold new initiative aims to support leading innovators, entrepreneurs, small companies and scientists with bright ideas to scale internationally. Both […]

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Recently, Innovate UK has made it a condition for R&D grant applications above £100k to be collaborative. So who do you collaborate with in order to get an R&D grant – and what are the implications for SME’s? Firstly – who to collaborate with. Universities are a natural choice, full of clever researchers in very […]

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That’s a question often asked by innovators and the answer is…. it depends! It depends on whether you’ve already started your R&D project or not. It depends on whether you are really pushing the boundaries of science or technology and creating new IP – or just making modest enhancements to products, processes and services. It […]

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Software projects can sometimes be tricky to secure grant funding for. That’s because software research and development encompasses a multitude of possibilities. At one interpretation, there’s software involved in all electronic devices with an embedded microcontroller – often referred to as ‘firmware’. In another sense, it means development of new applications using high-level software programming […]

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Latest News

SMART is Innovate UK’s open funding programme that offers R&D grants for game-changing innovations of up to £2 million project cost – but how much grant to apply for? The temptation is to apply for the maximum possible but is that the right strategy for the best outcome? SMART is massively oversubscribed to applications. A […]

Innovate UK imposes a limit on academic partner financial involvement in collaborative R&D projects. Typically, in a SMART R&D grant project, academic partner costs are limited to a maximum of 30% of project costs. Other limits can apply in thematic R&D grant competitions. In some cases, this 30% project cost limit is not enough for […]