Enterprise and Education: Working Together
Knowledge Transfer Partnerships (KTPs) are designed to build long-lasting and mutually beneficial collaborations between the working and learning worlds.
What Are Knowledge Transfer Partnerships (KTPS)?
KTPs unite the wealth of talent and innovative thinking from universities, research organisations, and catapults with businesses. These partnerships aim to affect positive change through innovation, providing direct access to research expertise and graduate talent for businesses, and offering universities and research organisations the opportunity to apply their research to real-world challenges.
For Universities and Research Organisations:
- Real-World Impact: Apply research to practical challenges, contributing to innovation.
- Commercial Opportunities: Open up new commercial possibilities.
- Funding Opportunities: Tap into additional funding.
For Graduates:
- Career Acceleration: Fast-track your career by working on impactful projects.
- Specialist Experience: Gain experience at the heart of your chosen speciality.
Invest in your business’s future today. The benefits of a KTP are timeless.
For Businesses
- Embed Knowledge: Embed knowledge and research for long-term benefit.
- Access Expertise: KTP provides direct access to expertise and talent.
- Drive Innovation: Accelerate innovation and impact within your business.
What Can KTP Offer My Business?
If you have a strategic innovation idea but lack the in-house expertise to develop it, a Knowledge Transfer Partnership (KTP) might be the perfect solution.
Key Benefits of KTPs for Businesses:
- Boost Competitiveness: Accelerate innovation and create IP.
- Strategic Guidance: Gain insights from an experienced adviser.
- Leverage Top Resources: Utilise the UK’s leading knowledge base.
- Embed Expertise: Access specialised knowledge, driving innovation.
- Increase Revenue: Expand markets, develop products, enhance efficiency.
Funding a KTP
Part of the cost of a KTP is funded by a grant from Innovate UK or other government co-funders. The remaining project cost is met through a cash payment by your organisation.
- Project Costs: Typically range from £80,000 to £100,000 per project year.
- Grant Rates: 67% for SMEs, 50% for large companies, and 75% for third sector organisations.
Why Choose a KTP?
- Shared Risk: Share the development risk with government co-funders.
- Comprehensive Support: Access university resources and expert academic input.
- Broader Opportunities: Benefit from connections to Innovate UK Business Connect.
- Dedicated Team: Work with a team committed to delivering your strategic project.
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Application Criteria
To apply for a KTP, companies should:
- Understand the long-term and short-term impacts of KTPs.
- Be UK registered and able to support the project financially.
- Show that their project demonstrates Impact, Innovation, Challenge, and Cohesiveness.
Free Publicity
KTP projects offer co-funding, with most costs covered by the government. Benefits include:
- National and international publicity
- Extensive press and media coverage
- Comprehensive startup support
- Access to valuable resources
Interested in KTP?
- Explore Further: Discover more about KTPs and their benefits on the official website.
- Get in Touch: Contact us today to discuss your project and start your journey.
