Knowledge Transfer Partnerships (KTP)

Knowledge Transfer Partnerships - What are they and what's in it for me?

If you have an idea for your business but do not have all the in-house expertise needed to develop it, a KTP or a Management KTP may be the perfect solution.

Knowledge Transfer Partnerships can help your business:

  • Embed expertise, generate new knowledge, expand capability and foster a culture of innovation
  • Drive competitive advantage through accelerated innovation and the possibility of creating Intellectual Property
  • Gain privileged and cost-effective access to the UK’s world-class knowledge base and resources
  • Increase revenue/profits through access to new markets, new product development, increased productivity and better processes
  • Benefit from the strategic input of a highly experienced Knowledge Transfer Adviser

The new Management KTP works in the same way as a KTP, only the partnership is focused specifically on delivering human-centred and/or technology-enabled, strategic change.

What’s in it for me?

Taking part in a KTP can significantly help you develop your business.

Plus you get access to academic expertise that is not available in-house. This has been shown to improve business performance and processes, which in turn helps you to become more productive and competitive.

A KTP is part funded by a grant.

What’s my commitment?

As you know a KTP is part funded by a grant and because of that you will need to contribute to the overall cost of the project.

The amount that you will need to contribute depends on the scale and length of the project. Additionally, it will depend on the size of your business.

  • Small medium sized enterprises (SMEs) tend to contribute around £35,000 per year – or about a third of the project cost
  • Large businesses contribute around £55,000 per year – or about half of the project cost

Applying for a KTP

Got an idea and want to discuss whether a KTP or Management KTP could help take it forward? Contact one of our advisers who can help assess your project idea and help you every stage of the way.

What happens after you apply

Your application will be assessed by an expert group of assessors. Usually you can expect a notification of the outcome within 12 weeks or less of the competition closing.

If you are successful then you will receive a formal grant offer letter.

Once the offer has been accepted you can start the process of recruiting an associate. This should be undertaken jointly by the knowledge base and the business partner.

The associates contract of employment will be with the knowledge base.

Quick Fact Checker

  1. 1
    What's the Scheme?

    A fully funded government backed programme designed to help you grow your business by offering young people real work experience and the opportunity of a career.

  2. 2
    What's in it for me as Business Owner?
    • Taking part in a KTP can help you to develop your business.
    • Get academic expertise that you don’t have in-house.
    • Improve your business' competitiveness
  3. 3
    How do I apply?

    Step 1: Register you business with us and we'll ensure you are kept in the loop with all the latest Government incentives as they are announced.

    Step 2: Once you have registered your business with us you can book your free needs assessment with an Advisor by selecting one of the three durations below, then choose your preferred day and time and we'll do the rest.

  4. 4
    What's my commitment?
    • Small medium sized enterprises (SMEs) tend to contribute around £35,000 per year – or about a third of the project cost
    • Large businesses contribute around £55,000 per year – or about half of the project cost
  5. 5
    Find out more

    Please click button below to book an appointment to check your eligibility

    Here.

Book your meeting with me to find out more on Knowledge Transfer Partnerships

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