Knowledge Transfer Partnerships
A little innovation can go a very long way. It can help you stay ahead of the competition, whether you want to launch new products, sharpen your marketing or develop more efficient ways of working. But where will you find the right specialists to help you innovate?
That's where Knowledge Transfer Partnerships (KTP) come in, providing the links to the expertise you need to grow your business and gain a competitive edge.
The government-backed KTP scheme is a three-way partnership between your company, a recent graduate and one of our skilled academics. It's this combination of fresh thinking and expertise that makes it so effective.
We'll help you recruit a skilled graduate known as a KTP associate. They will run a specific project in your organisation. A KTP can run from twelve months to three years, with the graduate receiving dedicated support from a specialist University academic for half a day a week.
The graduate will provide knowledge, technology and skills to support your business and achieve specific project aims. You'll also have access to our vast range of equipment and facilities.
Watch our video to find out more.
The benefits to your business
- offers invaluable expertise and knowledge to support your business
- will see you form a long-term, strategic partnership with the University and can open up other opportunities for us to work together
- will help embed a culture of innovation in your organisation – the products and processes developed through the programme can create a lasting impression on your staff and change how you approach challenges in the future
Funding your project
If you're a small or medium-sized business, funding will cover two-thirds of the project cost, leaving an average of around £24,000 a year for your company to pay. If you're part of a larger company, funding will cover around half of the project cost, leaving an average of around £35,000 a year to pay. That's great value, especially as evidence show that businesses, who invest in R&D grow twice as fast and have higher exports compared to non-innovators.
How does a Knowledge Transfer Partnership work?
The process is straightforward and you will have support from us throughout. We’ll take you through the following steps:
1. Identify a development project that is strategically important to your organisation’s future. It should need a dedicated member of staff and specialist knowledge to take it forward.
2. A KTP consultant will help you evaluate whether a KTP is suitable and identify a specialist from the University with relevant expertise.
3. Working with an academic, we will visit your organisation and work with you to draw up a project plan. This will form the basis of a KTP application
4. Once we have an outline of the project, we will visit your organisation with a regional KTP adviser and submit a KTP application on your behalf. Submission dates run throughout the year
5. Within eight weeks, you will know if your application is successful and we will help you recruit from a pool of talented young graduates
6. Your KTP associate will be recruited during a six-month period and will work in your organisation for up to three years
7. The KTP associate will be supervised by your own staff and an academic from the University
If a KTP is not appropriate for your organisation, we will work with you to find an alternative solution to your challenges.