Knowledge Transfer Partnerships (KTPs)
Knowledge Transfer Partnerships (KTPs) is a UK-wide programme designed to help improve the competitiveness of your business, productivity and performance through the better use of knowledge, technology and skills. They operate as a three-way partnership between:
- A company
- A highly qualified graduate
- University experts
The academic institution (in our case, the University of Wolverhampton) would employ the recently-qualified graduate to work at your company. The graduate, known as the ‘Associate’, brings new skills and knowledge into your business.
Benefits for your business
The partnership’s objectives are to help meet your business goals, by working to implement an innovative, high impact project, which is central to your company’s strategic development. As a result, KTPs can be hugely beneficial for all parties involved:
- Businesses achieve an average increase in annual profit of more than £600k in the three years following completion of the KTP. On average, they create around two new jobs.
- Academic partners produce on average more than three new research projects and two research papers for each project.
- Around 60% of associates are offered a permanent job in the company when the project ends.
Programmes last between 12 and 36 months depending on your project and company needs and are part-funded by a grant (up to 67% of the cost of a KTP is met by funding from Innovate UK and other funding organisations).