If you have a strategic challenge which is central to the development of your organisation, but perhaps lack the skills or resources to address it, a Knowledge Transfer Partnership (KTP) may offer the solution.
KTP enables businesses to improve their competitiveness, productivity and performance. This is achieved through forming a three-way partnership between your business, a university, and a talented graduate. This allows you to access specialist skills and expertise to help your business develop. The programme is cost-effective, as it is part-funded by the Government. Projects last up to three years.
According to Innovate UK based on figures from 2011-2016, from a single KTP, a business could expect on average:
A dedicated member of Kingston University's Business and Enterprise team will work with you throughout the lifetime of a project, in conjunction with a KTP Advisor from Innovate UK.
KTP has worked with over 3,000 organisations. From manufacturing to design, sustainability to marketing; any business sector, including third sector and public sector organisations such as the NHS, can take part. Participants most prove that their business can support the project both financially and in terms of supervision. A project has to be commercially beneficial and this has to be clear from the outset.
One of our expert team will meet you and discuss your organisation's needs. Our Enterprise team can recommend a KTP or a range of other solutions available.
A typical example in London would be an SME contribution of 33% which will equal about £20,000–£21,000 per annum. Large companies will contribute 50% which will be about a £32,000–£35,000 contribution annually. You must cover indirect costs, management and supervisory effort, implementation, associated materials and equipment expenditure.
From a first meeting, and with full commitment from all partners, the lead time to submitting an application would typically take a minimum of two months. Recruitment can start within a month of a successful submission. There are six submission deadlines per year, with a gap over Christmas. Partnerships can run for up to three years. It is also possible to run two programmes concurrently.
The KTP associate is employed by the University on behalf of your company, so you do not have an extra person on your payroll. The budget also includes allowances for travel, expenses and equipment, all subsidised by the grant.
The Associate works in the company as a member of staff, keeping to company hours and regulations. 75% of graduates are offered permanent positions with their companies at the end of the project. The project can also draw on University resources, including expertise from other departments, equipment and facilities and our extensive library and online databases.
The type of project suitable for a KTP is:
Projects such as new product development, establishment of new operational processes, or development of new client services may be suitable for this type of assistance.
The steering group for a project can agree changes in objectives, provided that the main context of the project remains the same.
We endeavour to take the burden of administrative work for the project, so that all you have to do is jointly oversee the graduate with the support of the academic supervisor.
A member of the Kingston University Business and Enterprise team, working alongside an appropriately qualified academic, will help you develop a project proposal which sets out clear aims, objectives and outcomes. KTPs may not be appropriate for small or start-up organisations if they do not have the resources to provide active management and financial support for the project.
When the proposal has been accepted by the funding body, the associate is employed by the University to work in the company for approximately 90% of their time. The remaining time is spent on professional and personal development or training, which often brings added benefits to the project. The academic supervisor will spend approximately 10% of their time with the associate to ensure knowledge is transferred. If appropriate, the associate may have the opportunity to also study for a higher degree.