A Commercial Validation Sprint to improve your changes of securing a SMART grant
Thousands of UK companies apply for an Innovate UK’s SMART programme each year, with the majority of applications failing.
One of the most common reasons for failure is a lack of compelling commercial validation.
Innovative products can be technically excellent, but without a compelling commercial case, the proposal will fail.
To succeed, as well as technical excellence, the assessors need evidence that the business has:
(a) identified a strong market opportunity, that
(b) needs and wants the proposed the product enough to pay for it, and that
(c) their proposition delivers a true value to the purchaser.
Successful SMART Grant applications
Prop B can support your business with a 6-week program to validate the commercial feasibility of your Innovation…
In an Agile workshop environment, Prop B will help your team challenge the assumptions they’ve made internally about potential customers
As an independent 3rd party, Prop B will then validate your proposition with real customers, providing you with an Insight Report
Finally, Prop B will assist you in completing the application
Prop B can also help you secure separate funding for this valuable phase of work, on a No success, No fee basis
To find out more, please email firstname.lastname@example.org