Small Firms' Merit Award For Research And Technology
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Small Firms' Merit Award For Research And Technology
Small firms' Merit Award for Research and Technology (SMART) was a discretionary business grant scheme run by the UK Department of Trade and Industry for a number of years in the 1980s and 1990s. The award was made to companies winning an annual competition (organised regionally) based on a judgement of the technical and market viability of research or technology development Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existi ... proposals; in essence the award represented seed-corn funding for innovative developments that had some market potential. The scheme was generally considered to be very successful. In 2002 the scheme was changed from a competition to an award to any applicant who met minimum criteria. This led to several regions exhausting their budget. In 2005 the scheme wa ...
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Department Of Trade And Industry (United Kingdom)
The Department of Trade and Industry (DTI) was a United Kingdom government department formed on 19 October 1970. It was replaced with the creation of the Department for Business, Enterprise and Regulatory Reform and the Department for Innovation, Universities and Skills on 28 June 2007. History The department was first formed on 19 October 1970 with the merger of the Board of Trade and the Ministry of Technology, creating a new cabinet post of Secretary of State for Trade and Industry. The new department also took over the Department of Employment's former responsibilities for monopolies and mergers. In January 1974, the department's responsibilities for energy production were transferred to a newly created Department of Energy. On 5 March that year, following a Labour Party victory in the February 1974 general election, the department was split into the Department of Trade, the Department of Industry and the Department of Prices and Consumer Protection. Reformation In 1983 the ...
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Technology Development
Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existing ones. Research and development constitutes the first stage of development of a potential new service or the production process. R&D activities differ from institution to institution, with two primary models of an R&D department either staffed by engineers and tasked with directly developing new products, or staffed with industrial scientists and tasked with applied research in scientific or technological fields, which may facilitate future product development. R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment. However R&D is crucial for acquiring larger shares of the market through the marketisation o ...
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Seed Money
Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests that this is a very early investment, meant to support the business until it can generate cash of its own (see cash flow), or until it is ready for further investments. Seed money options include friends and family funding, seed venture capital funds, angel funding, and crowdfunding. Usage Traditionally, companies that have yet to meet listing requirements or qualify for bank loans, recognize VC as providers of financial support and value added services. Seed money can be used to pay for preliminary operations such as market research and product development. Investors can be the founders themselves, using savings and loans. They can be family members and friends of the founders. Investors can also be outside angel investors, ventu ...
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Grant For Research And Development
Grant or Grants may refer to: Places *Grant County (other) Australia * Grant, Queensland, a locality in the Barcaldine Region, Queensland, Australia United Kingdom *Castle Grant United States *Grant, Alabama *Grant, Inyo County, California *Grant, Colorado *Grant-Valkaria, Florida *Grant, Iowa *Grant, Michigan *Grant, Minnesota *Grant, Nebraska *Grant, Ohio, an unincorporated community *Grant, Washington *Grant, Wisconsin (other) (six towns) *Grant City, Indiana *Grant City, Missouri *Grant City, Staten Island *Grant Lake (other), several lakes *Grant Park, Illinois *Grant Park (Chicago) *Grant Town, West Virginia *Grant Township (other) (100 townships in 12 states) *Grant Village in Yellowstone National Park *Grants, New Mexico *Grants Pass, Oregon *U.S. Grant Bridge over Ohio River and Scioto River *General Grant National Memorial aka Grant's Tomb India *Jolly Grant Airport Dehradun, Uttarakhand Canada *Rural Municipality of Grant No. ...
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