Funding Innovation 
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SMART SCOTLAND
Awards
SMART awards are provided by the Scottish Government and
are open to individuals and to small businesses based in
Scotland.
SMART awards were created to improve the creation of new,
innovative businesses and to help existing small businesses
boost their competitiveness by developing new products and
processes.
Assistance is provided in 2 stages with the initial stage
as follows: It is competitive and assists individuals and
small firms to carry out a technical and commercial feasibility
study lasting 6-18 months. Support is made available to
successful applicants at 75% of the first £60,000 of eligible
costs, with a maximum award of £45,000. Following success
at this stage, further support can be applied for.
Further
information - http://www.scotland.gov.uk/library5/enterprise/smartscs-01.asp

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