Smart is a Technology Strategy Board scheme offering funding to single UK-based small and medium-sized enterprises (SMEs) to engage in R&D projects in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge.
- Proof of market
- Proof of concept
- Development of prototype
Proof of market grant
- 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 grant
- 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 grant
- Small demonstrators
- Intellectual property protection
- Trials and testing, including clinical
- Market testing