Are you a small or medium-sized business seeking to develop a new product, process or service? Our SMART: SCOTLAND grant can support technically focused feasibility studies to help discover if your idea will work in the real world. Check your eligibility and start the application process.
What is SMART: SCOTLAND?
The SMART: SCOTLAND grant is one of our research and development (R&D) grants that aims to support high-risk, highly ambitious projects.
It covers conducting feasibility studies. It’s only available to small and medium enterprises (European Commission’s definition of an SMEexternal link which will open in a new window) based in Scotland and supports activities that have a commercial endpoint.
What projects can SMART: SCOTLAND funding support?
We can support feasibility studies that help to show your idea could work in the real world. Your business will need to own any intellectual property (IP) generated from your project.
What level of funding is available for feasibility studies?
We can support up to 70% of the eligible costs for a small enterprise 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.