SMART scheme

SMART scheme (Small Firms Merit Award for Research and Technology)

a programme sponsored by the DEPARTMENT OF TRADE AND INDUSTRY, designed to stimulate innovation effort by individuals and small firms to cover feasibility/ consultancy services and the development of prototypes of new processes and products, by providing initial finance. See BUSINESS LINK, INDUSTRIAL POLICY, RESEARCH AND DEVELOPMENT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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