Knowledge Transfer Partnership (KTP) is a national programme, part-funded by Innovate UK, designed to help businesses improve their competitiveness and productivity through the better use of knowledge, technology and skills. This is achieved by working in partnership with a local university, leading to increases in profitability and growth for the business.
Coventry University has a long and successful history of collaborating with businesses on various knowledge transfer schemes, including Knowledge Transfer Partnerships (KTP).
KTP is a national programme designed to help businesses improve their competitiveness and productivity through the better use of knowledge, technology and skills. This is achieved by working in partnership with a local university, leading to increases in profitability and growth for the business.
Benefits
By working with Coventry University your business can:
- Access a skilled graduate (called an Associate) to spearhead a strategic growth project
- Access the University’s extensive resources, including facilities, skills and expertise
- Develop innovative solutions to help your business grow
- Develop your business for today’s market
Latest information from Innovate UK shows that, on average, the business benefits expected from a single KTP project are:
- An increase of over £240,000 in annual profits before tax
- The creation of two genuine new jobs
- An increase in skills of existing staff
- Costs
Up to 60% of the cost of KTP is met by government funding. The average annual contribution to a project for an SME would be from around £20,000. This contributes to the costs of the Knowledge Base Supervisor and Associate employment and development. Your contribution to the costs of the project not only gives you the services of your KTP Associate, but also the time and expertise of the academics or researchers working with you.
Knowledge Transfer Partnerships at Coventry University - read more