Knowledge Transfer Partnerships
Don't forget that you can apply to the Knowledge Transfer Partnership scheme for funding!
CPACT have successfully had KTP’s funded in the past. Therefore, if you have for example, in-situ measurement, data analysis or process control challenges etc. that could form the basis of a KTP, please let me know and we will explore this further.
Knowledge Transfer Partnerships (KTPs) is a UK-wide programme that helps businesses and organisations to innovate and grow by embedding new skills, knowledge and expertise and applying these to a strategically important project. It does this by linking them with a University and a KTP Associate.
Each KTP is therefore a three-way partnership between a business, an academic institution and a KTP Associate. The academic institution employs the KTP Associate, who typically works full time at the company. The KTP Associate is guided by the academic team (the expert knowledge base) and a company supervisor and acts as the conduit for the transfer of new skills, knowledge and expertise to business. Current metrics show the average age profile of a KTP Associate in the UK is 29 years of age. Associate qualifications are determined by the project requirements and can range from 2:1 or better first degree to a PhD-level, and associates often come with some form of industry or post-degree research experience.
Projects can be undertaken in a wide range of areas including: Manufacturing, Product Design, Technical Innovation, Business Processes (including IT & Social Sciences), Commercial development, Healthcare, etc.
Features: A KTP can last between 12 and 36 months depending on the project and the needs of the business and is part-funded by a grant. SME’s contribute 33% towards project costs and larger companies contribute 50%. Whilst company costs vary depending on academic partner, resource requirements and salary level of the KTP associate, typical annual costs are around £30K and £40K for SMEs and large company respectively. The company partner is invoiced by the academic institution for their share of the projects costs on a schedule agreed in advance between partners.
There are several deadlines throughout the year and funding decisions are typically received within 12 weeks of these dates. Partnerships have up to 9-months to appoint an associate if successful.
The following short videos are useful to watch as they give an indication of the benefits of a KTP programme to CPACT industries:
If you require further information, please contact email@example.com