Posted Monday 3 November 2014
This November sees the first ever National KTP Week take place across the UK to celebrate and promote the innovative and diverse potential of Knowledge Transfer Partnership (KTP) projects.
The week-long event runs from Monday 3 to Friday 7 November and Kingston University is one of more than 100 universities and businesses to get involved.
Since its first KTP in 1992, Kingston University has maintained a strong commitment to the scheme with over 90 successful projects completed. The University has seven projects currently running across a range of health, scientific and IT related industries.
Hundreds of businesses have benefited from KTPs, accessing the knowledge, technology and skills that reside within UK universities, and more than 200 events across the country will showcase the success stories of these collaborations between academia and business.
The KTP scheme has being running for almost 40 years and its longevity is due to the positive outcome enjoyed by all parties involved. Businesses gain access to expertise and innovative solutions with the potential to grow their business and increase competitive advantage and profitability. Participating businesses stand to gain an average of £261K increased profit margin per annum.
Meanwhile, academics can apply their expertise in a commercial context, develop business-relevant teaching and research material and identify new research themes and student projects. And finally, KTPs offer graduates a launch pad for their career, allowing them to apply their degree to a real business project under the guidance of an expert mentor.
What is a KTP?
A KTP is a three-way partnership between a business, UK university or college and a recently qualified graduate. The graduate is recruited for up to three years to work on a strategic challenge within the organisation during which time they are supported by an expert Kingston University academic(s) and a local manager within the organisation. The programme is UK-wide, headed by Innovate UK and supported by 12 other public sector funding organisations offering grants for up to two-thirds of the cost of the KTP project.
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