If you have a strategic innovation 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:
The new Management KTP works in the same way as a KTP, only the partnership is focused specifically on delivering human-centred and/or technology-enabled, strategic change.
If you think a KTP or Management KTP could help take forward strategic innovation in your business:
We are here to help support your KTP activities and any publicity you may be planning around your project.
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 organisation.
Project costs are variable, but can typically be around £80,000 – £100,000 per project year. For Small and Medium-Sized Enterprises the grant rate is 67% of the project cost; for large companies 50%; and for third sector organisations the grant rate is 75%.
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:
Find out more about the eligibility criteria for KTP here.
Businesses of any size and in any sector, including virtual UK based businesses and third sector organisations, can apply for a KTP (Public sector organisations can apply for Management KTP only.)
Please see the eligibility criteria here.
Some guidelines and pre-requisites if you’re wondering whether KTP is right for you. You’ll need:
The right people & culture
The business requisites:
Innovate UK KTN provides local experts called Knowledge Transfer Advisers to help you every step of the way.:
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. They 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.
Innovate UK KTN is a partner of Innovate UK, supporting businesses to innovate and grow. Innovate UK KTN provides specialist support via Knowledge Transfer Advisers to access, apply for and succeed in a Knowledge Transfer Partnership.
Knowledge Transfer Advisers are central to the success of these dynamic partnerships. 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 your unique KTP collaboration between your business, a university/research organisation and a suitably qualified graduate (the Associate).
Find out more about the role KTAs play in supporting your project; and find your nearest KTA here.
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.
"KTP projects pave the way to businesses who want to exploit the latest advancements but do not have the expertise or confidence to do so. Through input from academic experts advising on the latest research in the field, and unrelenting support and guidance from Innovate UK [KTN], success is way more attainable."Head of Data Science, Charles Clinkard
"The KTP not only provided the project management and skilled people....but the support of the University academic supervisors [made] it as current and evidence based as possible. A KTP was one of the only ways to achieve this."VP Clinical, Oviva UK
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