If you need some help to innovate and grow your business, Knowledge Transfer Partnerships can help you and your business to:
- increase profits, knowledge and capability
- gain competitive advantage through new products, processes and services
- introduce new technology through innovation
- become more efficient and set for growth
What is Knowledge Transfer Partnerships (KTP)
A KTP is a three-way partnership between a business, UK University or college and a recently qualified graduate, known as the associate. It offers a company the chance to collaborate on a business opportunity, idea or innovation.
Stefan Cherry – Development Director, Cherry Plastics Groups
The cost of the project is part-funded, including the KTP associate who helps your business gain the knowledge and capability it needs to innovate and grow. KTPs can come from any sector or industry – from satellite technology and the creative industries through to high-value manufacturing and Environmental Technologies.
With the help of a dedicated KTP advisor, you can find the right academic to suit your business. You can then shape a collaborative project that will enable your business to draw on this expertise and apply it commercially.
Partnerships can last from six months to three years.
A small or medium-sized business will contribute around a third of total project costs – or £20,000 on average.
A larger company is responsible for about half of total project costs – or £30,000 on average.
Innovate UK is the UK’s innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department of Business, Innovation and Skills (BIS), Innovate UK brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy.
For more information, please contact the KTP Regional Advisor for Innovate UK, Philippa Ryan by emailing firstname.lastname@example.org or by calling 01949 876 484 / 07944 355 538. Alternatively, you can contact the Enterprise Development Manager at Bishop Grosseteste University, Mark Bowen, by emailing email@example.com or by calling 01522 583727 for an initial and informal chat.
For more information on how to apply please visit the Innovate UK website or call 0300 321 4357.
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