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.
The SMART:Scotland grant is available to businesses that:
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:
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.
SMART:Scotland is delivered by Scottish Enterprise across all of Scotland. Any SME based in Scotland is eligible to apply.