Press Release - Shorter Knowledge Transfer Partnerships launched throughout the UK

01 Jul 2009

From today, UK business and third sector organisations will be able to benefit from a modification to an existing support programme that has been running for nearly 35 years. A programme of shorter Knowledge Transfer Partnerships (KTPs), which enable effective collaboration between business, third sector organisations and academia, is being launched nationally by the Technology Strategy Board, the government body responsible for promoting business innovation in the UK.

Building on shorter KTP schemes currently offered by Regional Development Agencies and the Devolved Administrations, the existing KTP Programme is expanding to offer organisations throughout the UK the opportunity to undertake shorter-term projects than have previously been available.

The new shorter KTP initiative is designed to be flexible and act as a stepping-stone for those businesses that may not have worked with higher or further education institutions before. It is expected to play a key role in enabling small organisations, in particular, to explore the benefits of collaboration.

Iain Gray, Chief Executive of the Technology Strategy Board, said:

"Since it began in 1975, the KTP programme has helped more than 5,000 organisations pursue strategic development objectives by accessing the expert knowledge, technology and skills that reside within the UK's higher and further education sectors.
KTPs already play a leading role when it comes to business support and innovation and we fully expect shorter KTPs to enhance this existing activity and improve competitiveness, productivity and performance through the exploitation of knowledge from the UK's knowledge base."

The Technology Strategy Board works with 19 co-funders, including the Regional Development Agencies, Devolved Administrations, Research Councils and Government Departments to support KTPs. Knowledge Transfer Partnerships' Programme Manager, Pete Munday said:

"The launch of shorter KTPs is an exciting new initiative, which will help more businesses and third sector organisations than ever to find innovative solutions through collaborative working. Organisations for which the classical one-to-three year KTP project is not appropriate will now have the opportunity to undertake shorter projects, helping them to address tactical business issues and form effective relationships with the academic community.
"It will also help smaller organisations identify areas where innovation can flourish and grow, which will prove vitally important for sustainability within a challenging economic climate."

Information about the application process for shorter KTPs can be found at www.ktponline.org.uk .

Projects are part-funded by a government grant - normally 60% for a micro business or a SME, and 40% for a large enterprise. The remaining costs are met by the company partner. This change allows for projects lasting between 10 and 40 weeks and complements the one to three year project length partnerships currently available.

 

Last updated on Monday 21 February 2011 at 15:42

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