A Knowledge Transfer Partnership involves collaboration between your company and an academic team from within the University, enabling you to access skills and expertise that will help your company develop. The Partnership recruits one or more high-calibre graduates (KTP Associate) to facilitate this transfer of skills and knowledge from the University to your business. This is done by the Associate working in the company on a project central to the business’s strategic goals, and will be jointly supervised by you and the academic partner.
KTP is part-funded by a government grant. A small to medium-sized enterprise (SME) contributes approximately one third of the total project cost, with an annual contribution of just over £20k. A large company would pay approximately £30k per year.
Costs involved include those of the University Supervisor, and the cost of Associate employment and development. Your contribution to these provides you with access to a highly-skilled graduate, the time and expertise of the academic/research team working with you, access to other university equipment and services, plus expert guidance from the KTP Adviser assigned to your project.
Information shows that, on average, the business benefits arising from a single KTP project can include:
If you think your business could benefit from a KTP, please contact us today for an initial discussion!
Due to the highly innovative nature of the project, and the enthusiasm of the Associate from the outset, our market position has been enhanced. The technical aspects of the project have matched expectations; however our expectations have been greatly exceeded in terms of increased sales and profitability. Iain Hogg, Managing Director, Macrete Ireland Ltd.
