SMART: SCOTLAND

Support to help small and medium-sized businesses to improve their competitiveness by developing new, highly innovative and commercially viable products and processes to the benefit of the Scottish economy. The programme provides grants on a discretionary basis for technical and commercial feasibility studies, and research and development projects.

SMART: SCOTLAND seeks to achieve its objectives by providing grants on a discretionary basis for:

  • technical and commercial feasibility studies; and
  • research and development (R&D) projects.

The support available is as follows:

  • Technical and Commercial Feasibility Studies

    Support for technical and commercial feasibility studies is available on a discretionary basis at 70% of eligible project costs. Projects must last between six and 18 months and the maximum grant is £100,000. One-third of the grant is paid upfront when the project starts. The remainder of the grant is normally paid quarterly in arrears against claims submitted.

    Feasibility studies should involve early stage R&D, the outcome of which will enable informed decisions on the technical and commercial

    If applicants successfully complete the feasibility study, they may then apply for a research and development grant to enable them to develop a pre-production package.
     
  • Research and Development Projects

    A SMART research and development grant of 35% of eligible project costs, up to a maximum grant of £600,000, is available to SMEs on a discretionary basis to enable them to develop a pre-production prototype of a new product or process. Grant assistance is normally paid quarterly in arrears against claims submitted. Projects must last between six and 36 months, and have minimum eligible costs of £75,000.

    The development of commercially usable prototypes and pilot projects can also be assisted where the prototype is necessarily the final commercial product and where it is too expensive to produce for it to be used only for demonstration and validation purposes. In such cases, any revenue generated from the prototype or pilot would require to be repaid on a pro-rata basis.

    Any SME that meets the SMART:SCOTLAND eligibility criteria may apply for a SMART R&D grant, irrespective of whether or not they receive support under SMART for a feasibility study.
     
  • SMART Awards

    All feasibility studies and research and development projects that receive SMART grants will be considered for a SMART Award. These Awards will be made in recognition of projects that demonstrate exceptional technical merit and commercial potential. Winning firms will be presented with their awards at an annual awards ceremony designed to showcase them to the business and financial investment communities.
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