R&D Grants and tartan trousers

Jul 29, 2011, 10:16 PM

Ken and Anis meet Michael Cannon, who runs the Innovation Grants team in Scottish Enterprise and ask for support for their brilliant idea for heated tartan trousers!

SMART: SCOTLAND provides discretionary grants to support technical and commercial feasibility studies, and research and development (R&D) projects.

Technical and commercial feasibility studies are defined as studies involving early stage R&D to enable informed decisions on the technical and commercial feasibility of a new product or process. Support is available on a discretionary basis at up to 75 percent of the eligible project costs. Projects must last between 6 and 18 months, and the maximum grant is £70,000. One third of the grant is paid upfront when the project starts. The remainder is normally paid quarterly in arrears against claims submitted.

R&D projects are projects that aim to develop a pre-production prototype of a new product or process. Support is available on a discretionary basis at up to 35 percent of the eligible project costs. Projects must last between 6 and 36 months, and the maximum grant is £600,000. The grant is normally paid quarterly in arrears and minimum project costs should be £75,000.

Any small to medium sized enterprise (SME) that meets the eligibility criteria may apply for our R&D grant, irrespective of whether they receive support for a feasibility study.

Would the innovation grants support their brilliant tartan trousers idea? Will he tell them to belt up and fly off? Or will there be a turn-up for the books?