Be smart: find funding for R&D innovation

6 June 2019, John Denton

The arts, culture and the creative industries have always been leaders in creativity – but now, with ever reducing public funding, many organisations are thinking about how to create new revenue streams to support their endeavours. 

The government has recently announced a £25m fund focused on ambitious or disruptive R&D innovation. The Innovate UK Smart Grants competition is open to applicants from the arts, culture and the creative industries, and offers funding for innovative research and development (R&D) from feasibility (including market research), through to technology or prototype testing and pre-commercialisation development.To lead a project, Innovate UK states that you must be a UK business eligible to receive state aid and meet the following guidelines:

  • be a UK based business of any size or a research and technology organisation (RTO)
  • carry out your R&D project activity in the UK
  • intend to commercially exploit the project results from the UK
  • be an SME if you want to work alone• include at least one SME if you want to collaborate with others (businesses, research organisations and/or charities)

Project budgets can be £25,000 - £500,000 for single organisations or up to £2m for collaborations. Grants range from 50% (for large organisations) to 70% of project costs (for SMEs).

The competition is now open and the deadline is 12 noon on July 24th 2019.  

At GMV, we have worked with many organisations – from art galleries to scientific software companies – to help them develop game-changing and disruptive ideas and implement them as new products and services. We’ve successfully won and delivered a number of Innovate UK funded projects already.  

We can quickly help you understand whether your needs match the available funding criteria and then offer you support to:  

  • plan a project  
  • write and submit a bid  
  • organise a team, consortium or governance structure to provide the necessary skills and experience to run and complete a project successfully and on time  
  • understand the risks and put mitigations in place  
  • adopt a service-design led approach which puts the end-user’s needs first 

So please get in touch if you’d like to have a short conversation to discuss the possibilities. We’d love to work with you.

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