Clare Mackinnon Knowledge Transfer Partnership Manager
What are Knowledge Transfer Partnerships (KTPs)? Structured, part-funded, programmes addressing strategic requirements at an innovative and challenging level Partnership between a company and a university New skills and ideas into business through a graduate Access specialised knowledge and technology Improve company profitability Up-skill existing workforce
How do KTPs operate? 26 week to three year programme Full-time ‘Associate’ (graduate) based in company Two days per month expert academic support Budgets for training, equipment and travel
How do KTPs operate? Administration/financial support Access to University equipment and resources Government grant to subsidise cost to company 60% subsidy for first time SMEs 40% for non-SMEs
What are the benefits of a KTP? Access to unbiased academic experts: a graduate calibre project manager to deliver chosen business objectives Tackle problems due to lack of expertise, time, finances and facilities Cascading of knowledge and technology Subsidy of graduate employee/low risk trial Protects jobs/creates employment Fresh view/improve company culture Improve bottom-line through greater sales or margins Competitive advantage/strategic improvements
Eligible companies Trading for two years Positive balance sheet or exceptional investment Generally, more than 10 employees Overseas owned companies registered in the UK which conform to group criteria above
Application process
Costs Associate employment cost£54,000 Academic and secretarial support£21,000 Associate development£ 4,000 Equipment£ 3,000 Travel£ 4,500 TOTAL£86,500 SME charge for 2 year scheme £34,600 Non-SME charge for 2 year scheme £51,900
Recruitment process
Aimed at West Midlands SMEs to improve efficiency, boost profits and achieve sustainable growth Recruitment of a graduate into your company to spearhead a growth project Supported by a University academic and employment liaison officer Lasting between 6 and 20 months Shorter application with a faster turnaround time
KTP Office Business Solutions University of Wolverhampton Science Park Clare Mackinnon Tel: