Knowledge Transfer Partnership (KTP)
Innovation vouchers and KTP
Both the Innovation Voucher and the Follow-on Voucher are funded by the SFC. Broadly speaking, often a collaborative project can start with funding from an IV, possibly be continued with a Follow-on Voucher, with a long-term partnership being funded through the KTP scheme (funded through the TSB). Clearly this is not the only route, but one of the more common.
What is a KTP?
A KTP is a three-way project between an academic, a business and a recently qualified person (known as the Associate). Each Classic KTP project lasts between 6 months and 36 months or for a Short KTP it's between 26/51 weeks, depending upon the time required to deliver real outcomes. A KTP enables academics to participate in rewarding and ongoing collaborations with innovative businesses that require up-to-date research-based expertise to succeed.
How does it help academics?
Essentially, a KTP could lead to activity that will have real impact in the community or business sector: applying your knowledge and expertise to solve real-world challenges; create industry-relevant curriculum material; establish new research areas; a route to publishing high-quality papers. Typically, academics should expect to commit half a day of their week to a KTP project, mainly at the premises of the business partner. This is important to build and maintain an understanding of the project environment and relationships with the people involved.
In the early stages of developing a KTP application, a dedicated, highly experienced KTP Adviser will be allocated to work in partnership with you. The role of a KTP Adviser is to facilitate the development of new Partnerships, guiding the partners through the approval process. Once a KTP project is approved, the Advisers also monitor and support progress throughout the life of the Partnership.
How does it help businesses?
Knowledge Transfer Partnerships (KTP) is a UK-wide programme that has been helping businesses for the past 40 years to improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within the UK Knowledge Base.
A KTP serves to meet a core strategic need and to identify innovative solutions to help that business grow. KTP often delivers significant increased profitability for business partners as a direct result of the partnership through improved quality and operations, increased sales and access to new markets. Social enterprises see improved results, too.