Knowledge Transfer Partnerships
Knowledge Transfer Partnerships (KTP) is a government funded programme designed to help businesses improve their competitiveness, productivity and performance.
This is achieved by forming a Partnership between your business and De Montfort University (DMU), enabling you to access skills and expertise to help your business develop.
The KTP programme is widely regarded as the most successful grant-funding available to UK businesses today.
How it works
Companies often have innovative ideas but lack the expertise to make them happen. KTP provides the silution by transferring the required knowledge andskills from the university and establishing a new capability in the company.
The knowledge sought is embedded into the company through a project undertaken by a graduate (known as the Associate), recruited to specifically work on that project.
KTPs can vary in length from 18 months to three years depending on the needs of the business and the desired outcomes.
To qualify for funding, a KTP project must be of strategic importance to the company and require expertise from the university. Ideally, the project will be innovative, challenging and demonstrate commercial or social impact.
DMU has a long history of successfully managing and completing KTPs, having worked with over 90 companies from a variety of sectors and industries. Through KTP, companies are able to tap into cutting-edge university expertise and gain access to top graduate employees.
Am I eligible?
UK based companies in all business sectors can benefit from KTPs, as can charities, not-for-profit organisations and the public sector. However, a KTP may not be appropriate for many start-up or very small businsses (with five or less employees).
The government pays up to two-thirds of the £63,000 annual budget for a KTP project. This means that small and medium enterprises (SMEs) pay an average of £21,000 annually and receive £63,000 worth of services.
Larger organisations (>250 employees) are expected to contribute slightly more: 50% of project costs.
Benefits of a KTP
One of the great advantages of a KTP is the benefits they extend to all parties involved, be it the company, the university or the associate. Below are some of the advantages participants can expect to benefit from should they take part in a project.
Benefits to the company:
- Academic from De Montfort University to provide expertise and technical advice and mentor the associate
- Highly skills and motivated graduate (associate) to spearhead the project
- Access to university facilities
- Government funding covering up to two-thirds of the project costs (up to £40,000 per year)
- Access to fully funded project budget covering: training (£2,000 per year), travel (£2,250 per year) and equipment (£1,500 per year)
Benefits to the university:
- Enhance the business relevance of teaching and research
- Identify new research themes and undergraduate and postgraduate projects
- Gain improved understanding of commercial realities
- Publish high quality journal and conference papers
- Contribute directly to the university's Research Assessment Exercise (RAE) activities
Benefits to the associate:
- Opportunity to take ownership of a project which will be key to the company's competitiveness and future business growth
- Invaluable commercial experience
- A foot in the door of an innovative, high potential company
- Mentoring from professional academics and industry experts
- Training and professional development in business management and leadership skills
Knowledge Transfer Team