Gaps in key areas of knowledge can often hinder a company’s prospects. Knowledge Transfer Partnership is a structured Innovate UK programme and is the means through which your company can acquire a key new capability; one you think is too strategically important to collaborate with another business on and one that stands between your business and a significant growth opportunity.
Innovate UK’s KTP programme funds SMEs at 67% and big businesses at 50%. The technical scope of KTPs 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.)
To read about how businesses in the Marches have successfully used KTPs, click here and here.
For further information on the scheme and how to apply visit the website.
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