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Innovation is the lifeblood of contemporary business, and KTP provides an ideal framework.
Businesses and organisations of all sizes participate in KTP. The only exclusions are public sector organisations. Nationally, businesses that have taken part include companies as diverse as Dyson, Jaguar Land Rover, Sainsburys and Unilever. These include both technical and business projects
Taking part in a KTP helps your organisation to innovate. You access expertise that you don’t have in-house, and embed it in your business to become more competitive and productive.
Oxford Brookes University has partnered with a range of businesses on KTPs from technology companies to a legal practice. Examples include Sony and InterContinental Hotels.
A key person in the partnership is the KTP Associate.
This is an ambitious recent graduate who is jointly recruited by the partners to implement the project in your business. Educated to a level appropriate for the project, the associate will be the conduit for change, transferring implementing and embedding the knowledge generated and providing feedback from you to the academic partner. The Associate will join the University’s payroll, but their place of work is in your organisation and they work as a member of your team. Academic staff from the University visit the company every week to guide and supervise the work.
The length of Knowledge Transfer Partnerships varies from 12 – 36 months, depending on the nature of the project and the requirements of your business.
Part of the cost of a Knowledge Transfer Partnership (KTP) is funded by a grant from the innovation agency Innovate UK, and other government co-funders. You apply for this in a competitive call for submissions. Project costs are variable, but can typically be in the order of £75,000 to £90,000 per project year. For Small and Medium-Sized Enterprises the grant rate is 67% of the project cost and for large companies 50%. The remainder of the project cost is met by monthly cash payments from your company.
Experience shows that the benefit to businesses is many times that investment, one reason why KTPs have been an important part of government strategy for 40 years.
The KTP manager is the expert who helps map out and agree the project with the three partners. They are on hand throughout the project and will work with you to help scope out the idea, find an academic partner, cost the project and create your grant application. They will help you agree strategic objectives and benchmarks, and handle review meetings to help you shape and manage your project and deliver it on time.
Take the first steps to explore a KTP opportunity with Oxford Brookes. We’ll work with you to develop a successful KTP application, recruit your KTP graduate, and partner with you to boost your business.
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