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SMART Innovation Funding

SMART Partnerships

Funds collaborative R&D between Wales-based businesses and knowledge-base partners, with the Welsh Government covering 100% of the academic or research partner's eligible costs.

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SMART Partnerships funds collaborative R&D projects between a Welsh business and a knowledge-base partner — a university (HE), further education college (FE), research and technology organisation (RTO), or a Catapult centre. The Welsh Government covers 100% of the knowledge-base partner's eligible project costs; the business is required to contribute a minimum 50% match of the knowledge-base partn…

Applied research and experimental development addressing a meaningful technical challenge. The project must be business-driven with clear commercial application in Wales. Priority sectors: digital transformation, net zero and decarbonisation, agri-tech and food, creative industries, life sciences and biotech, materials and manufacturing.

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.6–12 months
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.50%
Funding pooliThe total budget available across all awards in this round.—

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