PNO Consultants

Call us: +44 161 488 3488.

Call us:
+44 161 488 3488
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PNO is Europe’s largest independent
public funding advisory, annually raising
over €250 million on behalf of its clients.

PNO employs just under 250 staff
operating in 12 European countries.
In terms of core services, PNO is active
across the entire grant acquisition process.

New SME Smart Grant Rounds Announced


04/29/2015

InnovateUK have announced the new batch of Smart grants, of which there will be six rounds to fund innovative SMEs. The next deadline will be 21 May 2015 followed by 16 July 2015

Smart is a grant scheme which offers R&D funding of up to £250,000 to SMEs for science, engineering and technology projects from which successful new products, processes and services could emerge.

The scheme supports SMEs carrying out R&D that could be significantly rewarding and that could stimulate UK economic growth.


Three types of grant are available:

Proof of market – assess commercial viability (60% funding):

  • market research
  • market testing and competitor analysis
  • intellectual property position
  • initial planning to take the project to commercialisation, including assessing costs, timescales and funding requirements

Proof of concept – explore the technical feasibility and commercial potential of a new technology, product or process (60% funding):

  • initial feasibility studies
  • basic prototyping
  • specialist testing and/or demonstration to provide basic proof of technical feasibility
  • intellectual property protection
  • investigation of production and assembly options

Development of prototype – develop a technologically innovative product, service or industrial process (45% funding):

  • small demonstrators
  • intellectual property protection
  • trials and testing, including clinical
  • market testing
  • marketing strategies
  • identifying routes to market
  • product design work
  • pre-clinical studies for medicines

Any UK SME undertaking R&D may apply; applications are accepted on a rolling basis with only a four week assessment.

If you are interested in understanding more about R&D funding for your project ideas, contact PNO Consultants for more information on 0161 488 3488 or info.uk@pnoconsultants.com.

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