SMART Innovation (SMARTCymru)
Status not published
Rolling - contact Business Wales to discuss eligibility, subject to annual budget.
Flexible RD&I support towards technical feasibility, development and demonstration. Intervention rates follow subsidy control limits (higher for micro and small enterprises). Specific caps are negotiated and are not published on the main page.
You must co-fund 50%.
Welsh Government / Business Wales
public · regional
Deadline: rolling — Rolling - contact Business Wales to discuss eligibility, subject to annual budget.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Major bid — written case, budget, possibly partners.
You fund 50% yourself.
Who can apply
- Sectors: ai, climate, agri, creative, health, manufacturing, any
- Stage: pre_seed, seed, series_a, growth
- R&D activity required
- Locally registered entity required
Open to businesses of all sizes, social enterprises, knowledge-based institutions and public sector organisations with an active operational base in Wales. Priority sectors: digital, net zero and decarbonisation, agri-tech and food, creative, life sciences and biotech, materials and manufacturing.
How to apply
- Complete the Business Wales contact form
- Eligibility discussion with an innovation specialist
- Develop and submit the full application with business plan
- Appraisal and offer letter
- Claim against evidenced eligible spend
What you will need
- Business plan with evidence of financial viability
- Technical project description
- Cost breakdown
- Evidence of match funding
Source. https://businesswales.gov.wales/topics-and-guidance/develop-innovative-ideas-organisations-products-or-services/access-funding-and-support/our-funding-and-support/smart-innovation-funding — checked 2026-08-14
"flexible RD&I support to help your organisation to become more competitive, increase sales and enter new markets ... Applicants must have an active operational base in Wales and demonstrate that funding is essential for the proposed R&D to proceed."