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What is it? 

SMART:Scotland is a research and development (R&D) fund open to small to medium sized businesses (SMEs) in Scotland. It's available for feasibility studies and supports activities that have a commercial endpoint.  

Funding can be offered to businesses showing a high degree of innovation and technical challenge, and feasibility studies that help to show your idea could work in the real world are supported.

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

Am I eligible? 

The SMART:Scotland grant is available to businesses that: 

  • 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 £100k will have the opportunity to work with a specialist teams 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 level of funding is available for feasibility studies?

Up to 70% of the eligible costs for a small enterprise is available and up to 60% of the eligible costs for a medium enterprise.

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.

Who delivers it?

SMART:Scotland is delivered by Scottish Enterprise across all of Scotland. Any SME based in Scotland is eligible to apply. 

 

Apply for a SMART:Scotland grant

This funding call is open until 12 noon on 30 June 2021. Apply on the Scottish Enterprise website.

Apply here