Support provided by Scottish Enterprise

What does this involve?

The SMART:SCOTLAND grant is a research and development (R&D) grant offered by Scottish Enterprise to support high-risk, highly ambitious projects.

It provides funding to support feasibility studies that help to show your idea could work in the real world.

Your project will need to generate intellectual property (IP) that your business will own.

The grant only available to small and medium enterprises (SMEs) based in Scotland and supports activities that have a commercial endpoint.

Am I eligible?

You may be eligible if:

  • You’re a small or medium-sized business, university spin-out or an individual.
  • You’re based, or planning to set up, in Scotland.
  • Your project represents an advance in technological innovation for the UK industry or sector concerned.
  • There are technical risks and challenges associated with defining and developing the technology.
  • You own, or have rights to use, the intellectual property required to undertake the project.
  • You’ll own all intellectual property developed throughout the project.
  • You have the necessary management and technical expertise and resources (either in-house or brought-in) to make the project a success.
  • Both the project and the business are financially viable.
  • Financial assistance from SMART:Scotland is essential for the project to go ahead.

All companies which are awarded a SMART: SCOTLAND grant over £100,000 will have the opportunity to work with a specialist team to review their approach to Fair Work. This will include:

  • appropriate channels for effective voice and employee engagement, such as trade union recognition
  • investment in workforce development
  • action to tackle the gender pay gap and create a more diverse and inclusive workplace
  • no inappropriate use of zero-hours contracts
  • payment of the Real Living Wage

What does this cost?

There is no cost to apply.

Grants can support up to 70% of the eligible costs for a small enterprise and up to 60% of the eligible costs for a medium enterprise.

Who is this for?

Small and medium enterprises (SMEs) based in Scotland undertaking research and development projects with a commercial endpoint.

How long does this take?

This fund opened for applications on Friday 9 April 2021.

The initial deadline for applications has been extended to 11:59am on 31 August 2021. After this, there will be a short pause while the service is moved onto a new digital platform. Companies will then be invited to apply using the new online application form.

Important information

Studies must last between 6 and 18 months, and the maximum grant is £100,000.

Feasibility is paid with a third of the grant in an upfront instalment and the rest is quarterly in arrears.

Next steps

Visit the Scottish Enterprise website for more information and to submit an enquiry.

Support provided by Scottish Enterprise

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