About KTP - The Background
The Knowledge Transfer Partnership (KTP) scheme helps businesses to innovate and grow by embedding new skills, knowledge and expertise and applying these to a strategically important project. It does this by linking them with a University and a KTP Associate.
Each KTP is therefore a three-way partnership between a Business, an Academic Institution and a KTP Associate. The academic institution employs the KTP Associate, who typically works full time at the company. The KTP Associate is guided by the academic team (the expert knowledge base) and a company supervisor and acts as the conduit for the transfer of new skills, knowledge and expertise to the business. Current metrics show the average age profile of a KTP Associate in the UK is 29 years of age. Associate qualifications are determined by the project requirements and can range from 2:1 or better first degree to PhD-level, and associates often come with some form of industry or post-degree research experience.
A KTP can last between 12 and 36 months depending on the project and the needs of the business and is part-funded by a grant. SMEs contribute 33% towards project costs and larger companies contribute 50%. Whilst company costs vary depending on academic partner, resource requirements and salary level of the KTP associate, typical annual costs are around £25k and £35k for SMEs and large companies respectively. The company partner is invoiced by the academic institution for their share of the projects costs on a schedule agreed in advance between partners.
There are several deadlines throughout the year and funding decisions are typically received within 1-month of these dates. Partnerships have up to 9-months to appoint an associate if successful.
Click here for a video showcasing "the best KTP of the year" from the 2015 KTP awards.