The Technology Strategy Board has made some revisions to the criteria a project has to meet in order to receive a Knowledge Transfer Partnership (KTP) grant. This has caused some confusion. In order to obtain clarification, Neil Grice, the local Adviser visited the University last week for a meeting with School representatives.
Listed below are the current key award criteria:
- Project is for the development of a company capability, not a product.
- On completion, the company is left with a legacy, e.g. a new capability or process.
- Innovative – leading edge knowledge is transferred to the company. Can’t be done by employing consultants, needs research.
- Impact – the project makes a significant difference to the company which would not have happened without the KTP. University also receives significant results.
- Challenge – Stretching for University and company.
- Fits in with company strategy.
- Company is financially sound.
- Science and technology focussed. Difficult to obtain awards for social care, marketing and business development projects.
- Awards are most likely to be granted for projects with small/medium sized organisations.
If you require any further information on KTPs in general please contact Peter Delgado, Commercialisation and KTP Officer, e-mail – email@example.com