If you have an idea for your business but do not have all the in-house expertise needed to develop it, a KTP – or a Management KTP – may be the perfect solution. Our Knowledge Transfer Advisers explain why in this video.
Knowledge Transfer Partnerships can help your business:
Our guide + PDF brochure download tells you more about how your company could benefit from a Knowledge Transfer Partnership.
The new Management KTP works in the same way as a KTP and has a specific focus on management based projects, linking you with one of the UK’s business schools.
Got an idea and want to discuss whether a KTP or Management KTP could help take it forward? Contact a Knowledge Transfer Adviser here who can help assess your project idea and help you every stage of the way.
Part of the cost of a Knowledge Transfer Partnership is funded by a grant from Innovate UK or other government co-funders that you apply for in a competitive bid for submissions (there is a success rate for applications of around 90%). The remainder of the project cost is met through a cash payment by your company.
Project costs are variable, but can typically be around £75,000 – £90,000 per project year. For Small and Medium-Sized Enterprises the grant rate is 67% of the project cost and for large companies 50%.
The cost of a KTP is comparable to employing a well-qualified graduate, but includes so much more:
To apply for a Knowledge Transfer Partnership companies should:
Organisations of any size and in any sector can benefit from a KTP.
The right people & culture:
The business requisites:
The Knowledge Transfer Network provides local experts called Knowledge Transfer Advisers to help you every step of the way.
They are on hand throughout and will work with you from the very beginning right through the project:
Once you have had your grant application approved (nearly 90% of applications are successful), the university or research organisation will recruit a suitably qualified graduate (known as the Associate), usually with a Master’s or PhD, to work on the project, based at your company.
The Associate will be the conduit for change, transferring and implementing the knowledge generated and providing feedback from you to the academic partner, who will devote 0.5 days per week to your project.
Your Knowledge Transfer Adviser will visit every 3 – 4 months to provide ongoing support to you, and coaching and mentoring support to the Associate. S/he can access colleagues elsewhere in the network to help your business fully exploit the project.
The length of Knowledge Transfer Partnerships varies from 12 – 36 months, depending on the nature of the project and the requirements of your business.
The Knowledge Transfer Network (KTN) is a partner of Innovate UK supporting businesses to innovate and grow. KTN provides specialist support via Knowledge Transfer Advisers to access, apply for and succeed in a Knowledge Transfer Partnership.
Central to the success of these dynamic partnerships are Knowledge Transfer Advisers. With extensive experience of research and industry they are a source of independent expert advice, passionate about delivering success for businesses and attracting high-quality graduates to industry via Knowledge Transfer Partnerships.
Knowledge Transfer Advisers are there every step of the way to help set up and manage this unique three-way collaboration – between a business, a university/research organisation and a suitably qualified graduate (known as the Associate).
In the first instance, you should talk to a Knowledge Transfer Adviser who can answer all your questions about Knowledge Transfer Partnerships, checking the feasibility of your idea and its suitability for funding. Advisers can then help find an academic partner and draw up a grant application with you.
Knowledge Transfer Partnerships were not really on my radar but when I found out more about them I realized it was the precise mechanism we needed to realize our innovation goals. It has transformed our business, taking us in to new markets and bringing in fresh thinking and capability which has made us much better able to develop the kind of ideas which will expand our business for years to come.”CEO, CSols Ltd
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