Welcome to a series of blogs and vlogs designed to help you better understand Management Knowledge Transfer Partnerships (MKTPs).
Management KTPs are a funding opportunity aimed at helping UK businesses improve the way they work.
They are built on the highly successful Knowledge Transfer Partnership model – the UK’s longest running knowledge exchange programme which has helped more than 14,000 businesses innovate for growth.
Like KTPs, Management KTP’s link you in a collaborative partnership with specialist academics who have the know-how to help you transform the way your business operates.
In the second of our V/blog series, Knowledge Transfer Adviser, Mark Lynch, provides a further introduction to How does Management KTPs Funding work?
INTRODUCING MANAGEMENT KTPs – HOW DOES MANAGEMENT KTP FUNDING WORK?
“Management KTPs are based on a dynamic 3-way partnership. Here, the host business identifies a strategic opportunity to do things better, transform the way the business operates; and change company culture. The business works closely with a university partner which possesses specialist expertise to make the change happen. An Associate is recruited to lead the project, transfer new knowledge and embed the new capability within the business.
Motivated and delivery-focussed, Associate’s act as change agents. Recruited from academia with specialist knowledge, they are embedded within the business, working closely with employees and providing a fresh perspective. They’re supported by an academic team, with access to researchers, expert know-how and facilities at the partner university. Featuring structured, frequent communication, most projects last around 2yrs, with 3yrs being the maximum duration.
So how does funding Work?
The cost of a mKTP is split between the business and UK Government funding
Businesses of up to 500 people from every sector are eligible. SMEs of up to 250 people contribute 33%, whilst larger firms pay 50%. Government funding makes up the rest, offering great value for money.
Management KTPs are transforming businesses up and down the country. They are accelerating growth and providing companies with a post-pandemic route to prosperity. At the same time, they are ensuring the academic community’s research remains relevant to the fast-evolving needs of business. Why not get in touch to find out how you can benefit?
This is one in a series of V/blogs about Management KTP
Mark Lynch: Introducing MKTP
Mark Lynch: How does Management KTPs Funding work
Jan Stringer: The benefits of Academic Collaboration
Jim Berryman:What are MKTPs for?
Fiona Nightingale: Why Now is the time to engage in Management KTP
Dr Lorna Howarth and Dr Gordon Jack: Interview Management KTP Associate Dr Gordon Jack, IPIG LTD
Prof David Bamford (Manchester Metropolitan University): Why Academics should engage in MKTP
If you think Management KTP could help your business:
Use Management KTP to:
Management Knowledge Transfer Partnerships are funded by the UK Government Department for Business Energy and Industrial Strategy through Innovate UK and delivered by KTN in partnership with Knowledge Bases.
Embedding advanced artificial intelligence (AI) capability to develop digital coaching with a KTP Project05 April 2023
Business advancement with AI made possible through KTP24 March 2023
Stories from Women in KTP: the Power of Collaboration07 March 2023
Stories from Women in KTP: celebrating International Women's Day28 February 2023
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