Funding

Funding

The national programme is jointly funded by Innovate UK and your organisation, where Innovate UK will provide up to 67% of the grant, depending on your organisation’s size.

KTPs cost an average of £90k per year with:

  • non-for-profits contributing an average of £22.5k
  • SMEs contributing an average of £30k per year
  • large organisations contribute on average of £45k per year

The cost contributes not only to a high-calibre, recent graduate working full-time at your organisation but also:

  • access to Sheffield Hallam’s world-class labs, libraries, and other resources
  • an average of 0.5 days a week of expert academic time
  • support from the experienced KTP office at Sheffield Hallam University
  • the development of a strategic project that will drive competitive advantage through embedding expertise, knowledge and adoption of a culture of innovation

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