Gaps in key areas of knowledge can often hinder a company’s prospects. Knowledge Transfer Partnership is a structured Innovate UK programme which connects forward thinking businesses with the UK’s world class knowledge bases to deliver business led innovation projects.
Taking part in a KTP can help you to develop your business, by helping solve a challenge your business is facing. You can get access to academic expertise and resources that you don’t have in-house.
Working with your academic partner you will improve your business processes and performance, helping you to become more competitive and productive.
Innovate UK’s KTP programme funds SME’s at 67% and big businesses at 50%. The technical scope of KTP’s is very open so any kind of problem is fundable, as long as it enables a significant profit opportunity for the business, transfers knowledge from a University to the business and is innovative and challenging. You will work with a relevant UK university and the university academic will supervise a graduate to deliver the innovation project and embed the new knowledge into your business. The graduate, who will actually be employed by the University, will work at your premises full time for the period of the project (up-to 3 years.)
Find out more about Knowledge Transfer Partnerships and how to apply
Find out about KTPs with local providers University of Chester and Harper Adams
To read about how three businesses in the Marches have successfully used KTP’s, click here, here and here.
