SMART: SCOTLAND provides grants to Small to Medium Enterprises (SMEs) based in Scotland. The grant helps you undertake technical feasibility studies and research and development (R&D) projects that have a commercial endpoint. A feasibility study is carried out as an early stage of an R&D project, to see if the new product or process will work in the real world. We can support up to 70% of the eligible costs for a small SME and up to 60% of the eligible costs for a medium SME. Studies must last between 6 and 18 months, and the maximum grant is £100,000. The grant is paid quarterly in arrears against claims submitted.