Presentation on theme: ": Welcome Knowledge Transfer Partnerships. What is KTP and how does it work Main features Funding criteria & priorities Benefits Investment model What."— Presentation transcript:
: Welcome Knowledge Transfer Partnerships
What is KTP and how does it work Main features Funding criteria & priorities Benefits Investment model What are KTPs
Launched in 1975 and previously known as the Teaching Company Scheme, the KTP programme is one of the longest running and successful knowledge transfer programmes. KTP is a 3-way collaboration lasting between 6 months to 3 years. The knowledge and expertise is transferred from the University into a Company giving them a real strategic edge. The associate is key in facilitating and embedding the knowledge transfer. Main Features
Funding Criteria All projects must demonstrate Impact, Innovation & Challenge:- Impact – Does the project produce sufficient commercial payback? Will the project have a broader impact on suppliers & customers? Innovation – Is it innovative to the Company? Might it have a global impact? Challenge – Is the project something which is truly new to the company and it’s operations and culture?
Funding Priorities Any project which can demonstrate Impact, Innovation & Challenge will be considered. However, particular priority is given to the following areas:- Advanced materials BioScience Built Environment Electronics, photonics and electrical systems Emerging technologies Energy generation and supply. Environmental sustainability High Value Manufacturing ICT Medicine and healthcare Nanotechnology Transport
SMEs are preferred. Larger organisations will still be considered providing the project can demonstrate a substantial supply chain involvement with SMEs.
Company Benefits Long term strategic relationships with the University Transfer and embedding of knowledge/expertise Access qualified people to spearhead new projects and to take the business forward Increase in skills of existing staff Average increase of over £220k pa in annual profit before tax Creation of an innovation culture New and competitive business model The University will co-ordinate the application process. Projects which progress to full application have a 90% success rate. The University will co-ordinate all project management issues including associate recruitment and finances.
Benefits to University Strategic relationships with Companies Development of creative and relevant research Teaching materials, case studies and student projects Higher degree registrations High quality journal papers Benefits to Associate Access to Associate Development budget of £4k plus managerial training modules. 70% of Associates register for a higher degree 70% of Associates offered employment by host company
Investment Model A typical 2 year project will cost approx £126k An SME will receive 67%* grant funding towards the cost. The SME contribution will therefore be £41,580 A larger company will receive 50%* grant funding. Their contribution will therefore be £63,000. * Reduced rates apply to follow-on KTPs.
Further enquiries:- Christine Younger, KTP Project Officer, Research & Enterprise Services, Newcastle University Telephone John Clayton, KTP Adviser, Technology Strategy Board Telephone