Presentation on theme: "Knowledge Transfer Partnerships (KTP) Providing resources and expertise through academic collaboration to address businesses’ strategic needs."— Presentation transcript:
Knowledge Transfer Partnerships (KTP) Providing resources and expertise through academic collaboration to address businesses’ strategic needs
What is KTP ? Knowledge Transfer Partnerships (KTP) are…. Partnerships involving a Company, a Knowledge Base and uses… a recently Qualified Person to carry out a Strategic Project with benefits to all parties. A different form of University –Industry engagement
KTP Partnership Model Knowledge transfer Knowledge Base Company Knowledge Base
How does it work? Focused team for 6-36 months Associate works full time on the company premises – but employed by University Academic supervises Associate ½ a day per week on average at the company Company supervises as per normal employee Associate project manages Formal project management disciplines imposed IN PARTNERSHIP
Why do people do KTP? WIN – WIN – WIN A partnership between a company and a University to provide knowledge transfer to the company for strategic development, improved capability and bottom line improvement One off npbt £70k, annual post project npbt £240k An opportunity for academics to extend research interests and feedback real-life applications of knowledge to teaching 3 papers,8 projects, demonstrate impact and build up long term relationships with industry excellent impact case study Accelerated career development for a young graduate or post doc
What does it Cost? Classic 1-3 yr project Approx Budget £60k/yr, (£70k/yr for PhD) If SME Gov pays 67% - £40k/yr and company pays 33% - £20k/yr + any top up to Associate salary If large company Gov and company pay 50% - i.e. £30k/yr + top up
Eligibility ? All sectors, all disciplines, all sizes of business that create wealth Business stable, robust and able to afford contribution Strategic to the business but outside their expertise - leading to wealth creation and economic growth Stimulating and challenging and beneficial for the academic team Challenging for Associate
What is the process? Contact your local Adviser or KTP Office ( www.ktponline.org.uk)www.ktponline.org.uk Complete an Expression of Interest (EOI) Partnership meets with Adviser If given go-ahead – partnership submits proposal for funding 85% success rate Allowed up to 6 months to appoint Associate LMC meetings every 4 months.
Opportunities ? We have funding for 600 new projects this year. We want over 100 applicants per closing date Only 2 closing dates left for the year. ACT NOW!!!!!!!! I am here to discuss your ideas.
Interested ? For further information please contact: Russ Bromley KTP Adviser for the North and West Midlands Phone: 07889 829 322 Email: firstname.lastname@example.org@talktalk.net Website: www.ktponline.org.uk '