Knowledge transfer partnerships
The Knowledge Transfer Partnership Program (KTP) helps UK companies innovate and grow by integrating new skills, knowledge and expertise and applying them to a strategically important project. It does this through a three-way partnership between a company, an academic institution and a KTP associate. The academic institution employs the KTP associate, who usually works full time in the company. The KTP associate is guided by the academic team (the knowledge base of experts) and a company supervisor and acts as an intermediary for the transfer of new skills, knowledge and expertise to the company.
A KTP can last between 12 and 36 months depending on the project and the needs of the business and is partially funded by a grant. SMEs contribute 33% to project costs and large companies 50%. While company costs vary depending on the academic partner, resource requirements and salary level of the KTP associate, typical annual costs are around £ 25,000 and £ 35,000 respectively for SMEs and the big enterprises. The partner company is invoiced by the academic institution for its share of the costs of the projects according to a schedule agreed in advance between the partners.