What is a KTP?
Knowledge Transfer Partnerships (KTP) is a UK-wide programme, part funded by the Government and Technology Strategy Board, enabling organisations to improve their competitiveness, productivity and performance.
The agreed project could be for any length of time between 26 weeks and 3 years, and can vary in length depending upon the business need. The overall aim of the KTP programme is to help organisations make significant step changes in areas they have identified as high priority.
KTP has worked with over 3,000 organisations. From manufacturing to design, sustainability to marketing; any business sector, including third sector and public sector organisations such as the NHS, can take part. Businesses of all sizes can take part too, from micro businesses to large enterprises.
Why does it matter?
Knowledge Transfer Partnerships (KTP) enable organisations to access knowledge, technology or skills from the diverse expertise within Glyndŵr University. This includes the recruitment of one full-time graduate to work within the business throughout the duration of the project. Additional direction and support is provided by a senior academic with relevant expertise.
Whilst business performance outputs can vary from case to case, latest information shows that typical business benefits from a single KTP project are:
- An increase in excess of £240,000 in annual profits before tax
- Creation of two genuine new jobs
- Demonstrable increase in the skills of existing staff
Why choose Glyndŵr University?
Glyndŵr University has a long-standing and highly regarded reputation for delivering quality KTP projects. Since making the transition to University status in 2008, we have supported more than 40 companies across the region to achieve their goals through a KTP project.
Glyndŵr University has expertise in a wide range of areas and to date has collaborated in projects relating to: IT Development, Chemistry, Materials Science, Engineering, Marketing, Creative Industries and a host of other disciplines.
How does it work?
Firstly, the company identifies a project that is strategically important, in need of full-time skilled resource and has some knowledge gaps. Glyndŵr University puts forward an appropriate academic partner to assist with the project who will have relevant expertise in that particular field.
The KTP team will then assist the company and academic partner to draw up a project plan which will form the application for a KTP grant. Once the grant has been awarded the academic partner and KTP team will assist the company to recruit from a pool of talented graduates.
All projects are Government funded with SMEs being able to access up to 60% funding. Large organisations are able to access up to 40% funding.
Got an idea for a KTP? Want to find out more?
More information can be found on https://connect.innovateuk.org/web/ktp“The KTP scheme provided an excellent platform for developing our branding strategy. The collaborative approach was highly effective in blending the creativity offered by the Associate and Knowledge Base with our own industry expertise. Our improved online profile and increased brand awareness will support our growth strategies within new and existing market sectors." Gareth P. JonesCompany SupervisorSetter & Associates Ltd
We have worked on a number of KTP programs with Glyndŵr University and have been delighted with the efforts put in by their team and the results that have been generated and would wholeheartedly recommend anyone to look at the potential of using KTPs to further their business!
Russell Booth, Managing Director of TMC Hallcrest