Knowledge Transfer Partnerships
Knowledge Transfer Partnerships (KTPs) is a very popular national knowledge transfer scheme that enables businesses and non-for-profit organisations to improve their competitiveness, productivity and performance.
To help you achieve these goals, City University London will form a partnership with you by recruiting a high-calibre graduate (known as an Associate) to work on a project of strategic importance to your organisation.
The Associate will be supervised by at least one member of academic staff here at City with a specialist area aligned with your organisation's needs.
KTPs vary in length from one to three years, depending on your business needs and what you want to achieve.
How can KTP help your business?
- KTP can enhance the organisation's strategic planning and operational efficiency
- KTP can help you identify and gain access to new global markets
- KTP can provide greater market awareness and a potential increase in profits or cost savings
- KTP can aid you in the development of new and pioneering technologies
- KTP can help with product development and design
What will it cost?
A KTP is part-funded by a Government grant. A small to medium-sized enterprise (SME) would be expected to contribute about a third of the costs involved in the project.
The average annual contribution to a project for an SME would be from around £20,000.
How much should a business expect to contribute?
The budget for any individual KTP, and a business contribution to it, depends on the details of the specific Partnership. However, annual business contributions per Associate employed could be at around the following levels for a first Partnership:
- an SME, that is one with fewer than 250 employees*, can expect to contribute about a third of the project costs;
- contribution by a large business or group, with more than 250 employees* or a business that does not qualify as an SME, would be around half of a long-term strategic project's costs and around two-thirds of a short-term tactical project's costs.
Currently, average annual costs for a long-term strategic project are around £60,000, and the weekly cost for a short-term tactical project (10-40 weeks) is around £1,000.
*Where a business is part of a group, the organisation size is determined by the number of employees in the group as a whole. There are also balance sheet and turnover criteria.
More information about the programme is available from the KTP website.
KTP official website: www.ktponline.org.uk
Technology Strategy Board website: www.innovateuk.org