Knowledge Transfer Partnership
What is a Knowledge Transfer Partnership?
A Knowledge Transfer Partnership (KPT) is a UK-wide programme designed to help businesses improve their competitiveness and productivity through better use of knowledge, technology and skills. A KTP is a three-way project partnership between a business, Keele University and a recently-qualified high calibre graduate, known as the associate.
What are the benefits for my business?
By working with Keele University, your business will gain:
- a full-time high calibre graduate to spearhead your new innovation and growth projects
- ongoing bespoke business support from an expert academic employed by Keele University
- access to the University’s extensive resources, including knowledge, facilities and skills
- a tailor-made strategic business development project, with high levels of innovation, to meet your company needs market opportunities
- access to a travel, equipment and training budget of up to £11,500 for the graduate whilst working on the project.
Average benefits from a single KTP, based on the latest information from Innovate UK, show that your business could benefit from:
- £62,000 one-off increase in profit before tax
- £550,000 anticipated increase in annual profit before tax after the project completion
- £452,000 anticipated increase in annual exports.
What will it cost my business?
Up to 67% of the total KTP budget is met by Government funding. Company contributions for a typical two-year programme start from £22,500 + VAT per annum, depending on the company’s size and/or turnover. In certain cases the KTP may be eligible for Research and Development tax credits.
Is my business eligible for a KTP?
As projects are part-funded, there are criteria which must be met. Please contact us to assess your eligibility.
- 84% of KTPs plan further collaboration after the project ends
- Over 70% of the KTP associates/graduates are offered full-time employment after project completion
- Each KTP, on average, results in the creation of three new jobs in addition to the KTP associate.
To find out more about how your company could benefit from a KTP at Keele University, please contact Marek Hornak, Business Development Manager on 01782 734496, email firstname.lastname@example.org or visit www.keele.ac.uk/business-support-services/researchandinnovation/knowledgetransferpartnerships/.