Established in 1975, Knowledge Transfer Partnerships (KTP) is one of the world’s leading knowledge transfer mechanisms, which provides academics with the unique opportunity to apply their knowledge and expertise to important problems facing businesses. The programme provides Government grants to fund joint projects with business or third sector organisations lasting from 6 months to 3 years.
Following the Government’s Comprehensive Spending Review, the budget for new KTPs was reduced to £25m per annum. While this is sufficient to fund between 600 and 800 KTPs per annum, the Technology Strategy Board (TSB) is seeking other ways of funding additional KTPs. At a meeting between a number of universities, including Bournemouth University, and the TSB held on the 17th January, Debbie Buckley-Golder, the TSB’s Head of Knowledge Exchange said this additional funding is being sought from major charities and industry. While the £25m core funding will continue to be available on an any time, any topic basis, the new funding is likely to be targeted at particular subject areas with set response timescales. Subject areas will driven by business needs and are likely to be published in March 2012.
The current success rates for KTP applications is above 80%, however, the grant rate for multiple KTPs from the same company is likely to be reduced. Due to the significantly larger impact, most KTPs (75%) will be granted for projects with Small Medium Enterprises (SMEs). However, to facilitate the continued involvement of large organisations, the TSB are investigating a reduced grant rate KTP where the organisation will fund most of the project but continue to receive support from the TSB, for example KTP Advisers and associate training.
Bournemouth University has been very successful in assisting businesses through the KTP programme, see article on this link.
If you require any further information on this meeting or KTPs in general please contact Peter Delgado, Commercialisation and KTP Officer, e-mail Peter Delgado.