BU Research Blog

Innovation, impact and challenge.

If there is one (three) thing(s) to take from this post, it’s innovation…impact…and challenge.

You may have heard of Knowledge Transfer Partnerships (KTP), or even been part of an academic team delivering one (or more!), and if you have an interest in not only finding out more about KTP but leading/being involved in one, now is a great time to apply. There is a large pot of KTP funding available from Innovate UK that is waiting to be spent by business/university collaborations. If you are working with a business on what could be an innovative project with a financial impact that is a challenge for the project team, do get in touch.

KTP is a three-way partnership three-way partnership between a knowledge base (in this case, BU!), a business and an associate (a graduate-level employee) that is part-funded by Innovate UK. KTP is a great way of bringing in income and developing knowledge exchange with a clear pathway to impact.

The main criteria of KTP is innovation (must be an innovative project), impact (must have at least a financial impact to make a step-change within the business) and challenge (must be challenging for all three parties). There is a fourth criteria of cohesiveness to ensure the application has a clear narrative running throughout it.

KTP has regular submission deadlines throughout the year with the next KTP deadline as 23 January 2023.

In addition to this, we have just been successful in bidding to enhance our KTP capacity via a grant from Innovate UK, so you will see more KTP activity taking place around the University, please look out for it.

If you would like to find out more about KTP and how you can be involved/reap the benefits, please do contact your Faculty Business Engagement and Knowledge Exchange Manager (Health and Care Partnerships Manager for HSS).