What is KTP?
A KTP is part-funded by the government and is a three-way partnership with the aim to encourage collaboration between businesses and academics. The idea is to for knowledge to be shared and transferred among all parties of the project team (academics, business and a graduate) to embed a new capability of strategic importance within the business. KTPs have been a successful funding stream for over 40 years and are managed by Innovate UK.
This scheme offers a fusion of academic and industry collaboration supported by an associate (graduate).
Why are they important to you?
KTPs are an excellent way of bringing in income and developing knowledge exchange with clear impact.
Key benefits are as follows:
- Facilitates research impact
- Increases income
- Contributes to the University’s REF submission
- Improves links with industry partners
- Applies your knowledge to innovative business-critical projects
- Raises your profile among colleagues, institution and beyond
- KTPs are valuable to businesses as they provide a distinct transfer of knowledge to an strategic innovative project which adds significant value to their business.
How to apply
As you’ll be applying for funding, there is an application process to follow. Once we’ve curated a project team and fully scoped out the project, including costings and expected outcomes, we then submit an expression of interest to the funder. As a team, we’ll then construct the application form and seek advice from the local Innovate UK Adviser who will have oversight of the project. Once the application is ready, it will be submitted to Innovate UK for assessment. Application deadlines are roughly every 8-10 weeks and application outcomes are expected to be communicated within 8-10 weeks of submission. There are 4/5 submission deadlines a year.
If you think this sounds great, here are some examples of completed projects which might help you consider a KTP in future.
- The Faculty of Science and Technology led a project with a local data management company to develop and embed innovative data analytics and machine learning capabilities to enhance existing and create novel data-driven products with a view to enhanced social impact
- The Faculty of Media and Communication led a project with a successful and innovative animation company to develop new techniques and a software tool to generate new facial animation from existing face models.
Innovate UK are currently encouraging KTPs within management and have provided a large investment to entice KTP proposals within this area.
To generate some ideas, brainstorm business partners, or simply to find out more; please contact Rachel Clarke, KE Adviser.