In September 2020, the Welsh Government announced an increased funding contribution for eligible Knowledge Transfer Partnerships (KTPs) helping make them more accessible and cost-effective for SMEs in Wales.
Today, the Welsh Government extended this offering into 2022, in an effort to encourage more businesses to benefit from the programme. Originally, applications faced a 30 June 2021 deadline, but this has now been extended into 2022.
Knowledge Transfer Partnerships (KTPs) are a core component of Wales’ R&D and innovation offer to businesses and the aim of this initiative is to make KTPs more accessible and cost-effective for SMEs and encourage more businesses to benefit from the programme.
With the current difficult economic environment, the Welsh Government has announced that they will contribute 75% towards the total costs of KTP projects for SMEs that meet the eligibility criteria and are approved for participation in the KTP programme. SME businesses are usually expected to contribute 33% of the total project costs, but eligible businesses in Wales will now only have to contribute 25%
KTP, and the new Management KTP together with the availability of the Welsh Government Enhanced KTP to support additional international knowledge transfer, help businesses improve their competitiveness, productivity and performance through better use of knowledge, technology and skills by developing a partnership with a university, college, research technology organisation or Catapult centre. Partnerships jointly develop the proposal to address a specific business need and must submit their proposal for assessment by 12 noon on Tuesday 2nd February 2022. Only applications received during this time will be eligible for this funding.
The partnership can vary in length from one to three years according to the needs of the business. Businesses from all sectors are welcome to apply.
More information from the Welsh Government on this initiative is here.
KTP is a competitive process, administered by Innovate UK, part of UKRI. Terms and Conditions apply. For more information please see here.
You should contact a participating university, college, RTO, Catapult or your regional Knowledge Transfer Adviser to discuss your proposal and eligibility.
Projects can only be submitted by a UK University, FE College, Research Technology Organisation or Catapult. The post created by the funding must be located in Wales to qualify for this funding.