Knowledge Transfer Partnerships is Europe’s leading programme helping business competitiveness and productivity through the better use of the knowledge, technology and skills that reside within the UK knowledge-base. KTP is funded by Innovate UK with 12 other funding organisations.
Knowledge Transfer Partnerships involve the forming of a partnership between a company or organisation (the company partner) and the academic institute (knowledge-base partner), enabling the organisation to access skills and expertise to help it undertake strategic growth projects. Each partnership employs one or more high calibre Associate (recent graduate) to facilitate this transfer of skills and expertise. The Associate works within the company/organisation on a project central to its needs and is jointly supervised by company personnel and a senior academic.
Projects can last 1–3 years and typically aim to introduce new or improved products or services, new or improved processes or systems, marketing or management capabilities. The company has access to the resources of the university and its experts throughout the life of the project. KTP enables new capability to be embedded into the business and has benefited and continues to benefit a wide range of businesses across many sectors, small and large businesses, third sector and public organisations.
KTP is funded by Innovate UK with 12 other funding organisations including devolved governments and the support of all the research councils in the UK.
Government funding for each Knowledge Transfer Partnership is provided by means of a grant to the participating university partner and a contribution from the company involved. KTPs with Small Medium Enterprises (SMEs) receive a grant for 67% of eligible project costs. Large companies or groups receive a 50% grant.
Each project is different as it is tailored to suit the business and the needs of that business. Consequently the costs to a business can vary. As a guide, for a project with an SME, the annual cost to the business is typically around £25,000 annually, based on an average annual total project cost of £75,000. For a non-SME the costs typically range from £37,000 to £40,000 annually.
Knowledge Transfer Partnerships: