Business Wales logo
SMART Innovation Funding

SMART Innovation Funding

Funds Wales-based businesses of all sizes to research and develop new products, processes, or services through discretionary Welsh Government R&D grants.

OpenBusiness WalesUnited Kingdom

SMART Innovation Funding is a discretionary R&D grant programme run by the Welsh Government through its Business Wales delivery arm, sitting under the broader SMART Flexible Innovation Support (FIS) scheme. It covers research and development of new or significantly improved products, processes, or services. The Welsh Government does not publish fixed award amounts — funding is assessed case by cas…

Digital transformation, net zero and decarbonisation, agri-tech and food, creative industries and media, life sciences and biotech, materials and manufacturing. The programme is open to all RD&I activity that demonstrates a significant technical enhancement and aligns with Welsh Government priorities.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—

Sign up free to see the funding breakdown

Sign up free to see the industries in scope

Sign up free to see the full eligibility

Sign up free to see how to apply

Sign up free to see what you submit

Sign up free to see how they score you

Sign up free to see the timeline

Sign up free to see where teams trip up

Last verified: 24 Jul 2026Source: businesswales.gov.wales