There are many sources of funding available for businesses looking to work with universities. Our Knowledge Exchange team can assist you to identify the funding schemes that are accessible for your organisation.
Knowledge Transfer Partnerships (KTPs)
Knowledge Transfer Partnerships (KTPs) is Europe's leading programme helping businesses to improve their competitiveness by enabling companies to work with higher education or research and technology organisations to obtain knowledge, technology or skills which they consider to be of strategic competitive importance. The UK-wide programme is overseen by Innovate UK the UK's innovation agency, and supported by 16 other public sector funding organisations.
Innovate UK is the UK's innovation agency. It works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy.
The partnerships are designed to help businesses improve their competitiveness, productivity and performance.
A total of 267 partnerships were completed in the 2013/14, with more than £85 million invested in new KTPs from both grant support and company contributions. The benefits of this investment are projected to be a £211 million increase in annual profits for the businesses involved, 450 new jobs, and 6,000 company staff trained.*
Out of those 267 partnerships, it was reported that 90 per cent of businesses felt that the results they achieved through participating in a KTP would play a significant part in improving the future performance of their business. When asked for their main reasons for increased productivity, product sales (of either new or existing products) KTP continued to be a major factor, with improved operations and quality also proving significant.*
"The KTP scheme enabled us to gain maximum benefit from the involvement of De Montfort University, which is continuing to make our project such a success."
George Wright, Production Director, M Wright and Sons Ltd.
Knowledge Exchange Team
T: +44 (0)116 207 8424
*KTP Achievements and Outcomes Report 2014