in Aerospace

Innovate UK launch SMART Grants with new format

Posted 27 April 2022 · Add Comment

Innovate UK has launched the first SMART Grants funding competition with its new format and focus.

Image courtesy TBAT / Adobe stock

The new competition is open for applications now, with a deadline of 27th July 2022. The competition has some subtle changes that mean it has a greater focus on game-changing innovative projects which demonstrate a strong route to commercial success.

The Innovate UK SMART Grant Changes
An independent consultancy that specialises in R&D funding, TBAT Innovations Ltd., have reviewed the new Innovate UK SMART Grants competition and have noted the changes to the format, as outlined below:

  • The scope has an increased focus on projects being 'game-changing'
  • Projects will not be funded if the technology is available or used in another sector
  • There is a greater focus on business planning and early adopter interest
  • Projects must justify their suitability for public funding over other investment channels
  • Projects will not be funded if other Innovate UK support is available and more appropriate
  • The application form has a new format, with changes that reflect these points

Applying for Innovate UK SMART Grants
In their supporting article, to the new SMART Grants competition, UKRI and Innovate UK have stated that "typically, 50% of the applications we receive aren't right for the funding", which TBAT believe has inspired these changes to the competition format.

Within this article, UKRI and Innovate UK have put together a five question SMART funding checklist for applicants to consider; containing questions such as 'Is my idea at the right stage of development?' and 'What does a successful project look like?'

Companies thinking about applying may also find it useful to attend the briefing event, being held on 3rd May 2022, to get a further understanding of the projects Innovate UK are looking to fund - you can find the link for the briefing event here .

TBAT are currently taking enquiries to support businesses to apply for this round of Innovate UK SMART Grants and its team of Grant Funding experts have a clear understanding of the impact of this new format.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Serco acquires Sapienza

Serco Group plc has entered into an agreement to acquire Sapienza Group, from TP Group plc, to expand its offering to the European space sector.

Menzies Aviation renews Air Canada contract at Heathrow

Menzies Aviation today announced it has renewed a significant ground services contract with Air Canada at Heathrow Airport (LHR) and won new business at Copenhagen Airport (CPH).

Views sought to boost security of UK data centres and cloud services

Looking to strengthen security and resilience of UK’s data infrastructure to protect against outages and national security threats, the Government has announced it is seeking views on how to boost the security and resilience of

UK Government to host AFF22 onboard HMS Prince of Wales in New York

On 28th-29th September, the UK Government will host the Atlantic Future Forum (AFF22) on the aircraft carrier HMS Prince of Wales in New York, bringing together senior politicians, policymakers, military leaders, academia, business

Stay ahead of the airplane

Neil Ballinger, head of EMEA at EU Automation, looks at ways of stepping up to the challenges currently facing aerospace supply chains.

Airbus launches UK ZEDC

Airbus is strengthening its presence in the UK with the launch of a Zero Emission Development Centre (ZEDC) for hydrogen technologies, to be based in Filton, Bristol.

Future Armoured Vehicles Weapon Systems
See us at
DVD BT2704220922Future Armoured Vehicles Weapon Systems BTFuture Arm Vehicles Power Systems BTAdvanced Engin BT2504031122Future Arm Vehicles Active Protection Systems BT