Key features of a Knowledge Transfer Partnership (KTP) are that:
We are looking for partnerships that help businesses to innovate, develop, grow and become more productive by employing academic expertise that they do not have in-house.
Your project can focus on any type of innovation in any sector but it must aim to deliver results that your business would not otherwise be able to deliver.
As a business, you may be looking for an academic partner to help you to address a particular innovation challenge.
Partnerships are part-funded by a grant. Your business will have to contribute to the costs of the project, including the salary of the graduate, known as the associate, and the cost of a supervisor to oversee the project.
The associate is employed by the academic partner but works in the business and brings new skills and thinking to deliver a specific innovation project. The project will last between 12 and 36 months.
Project costs vary greatly but typically a small or medium sized business might expect to contribute £35,000 a year and a large company in excess of £50,000. Your company may have additional costs such as purchasing capital equipment, which are not covered by this grant.
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Value: Up to £50k
Grant Deadline: Rolling Basis