{"id":1686,"date":"2021-01-20T12:53:41","date_gmt":"2021-01-20T12:53:41","guid":{"rendered":"https:\/\/blogs.canterbury.ac.uk\/engineering\/?p=1686"},"modified":"2021-01-20T12:53:42","modified_gmt":"2021-01-20T12:53:42","slug":"could-a-knowledge-transfer-partnership-power-positive-transformational-change-for-your-business","status":"publish","type":"post","link":"https:\/\/blogs.canterbury.ac.uk\/engineering\/could-a-knowledge-transfer-partnership-power-positive-transformational-change-for-your-business\/","title":{"rendered":"Could a Knowledge Transfer Partnership power positive transformational change for your business?"},"content":{"rendered":"\n<p><em>By Charlotte Goode, Enterprise and Engagement Manager<\/em><\/p>\n\n\n\n<p class=\"has-text-color\" style=\"color:#0f11a5\"><strong>What is a Knowledge Transfer Partnership (KTP)?<\/strong><\/p>\n\n\n\n<p><strong>The power of three. <\/strong>A KTP is a three-way collaboration between your business, an academic or research organisation (the \u2018knowledge base\u2019) and a suitably qualified graduate (the \u2018associate\u2019) with the capability to lead a strategic project. This dynamic connection can power innovation and realise a transformative business opportunity that will help your company scale up and grow. A project will typically last between 1-3 years.<\/p>\n\n\n\n<p class=\"has-text-color\" style=\"color:#0f11a5\"><strong>What does it cost?<\/strong><\/p>\n\n\n\n<p>The cost of a KTP is shared between your business, Innovate UK and other government co-funders. SMEs contribute just 33% of the costs, with large businesses contributing 50% per annum. The funding is provided via a grant to the academic or research organisation.<\/p>\n\n\n\n<p class=\"has-text-color\" style=\"color:#0f11a5\"><strong>What are the main benefits of a KTP?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\" id=\"block-fd23d9c5-1ee2-4656-a21d-49b402ebb036\"><li>The partnership embeds vital new expertise that may not be possible to access through recruitment alone<\/li><li>A KTP stimulates business growth and powers innovation excellence, providing cost-effective access to cutting-edge technology and equipment<\/li><li>It can generate new knowledge, expand capability, and provide the strategic input of a highly experienced Knowledge Transfer Adviser (KTA)<\/li><li>It can increase revenue, improve profits and drive competitive advantage, with the possibility of creating Intellectual Property.<\/li><\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"has-white-color has-text-color has-background\" style=\"background-color:#0f11a5\">A small engineering company on the outskirts of London used a KTP to develop a core product to accurately detect and discriminate between water contaminants in oil-in-water monitoring. This leading-edge technology generated spin-off products that resulted in the company ranking higher in existing and new markets. Furthermore, in-house expertise developed, that helped to reduce product costs and the project created enthusiasm for the company to research further new technology and applications.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-color\" style=\"color:#0f11a5\"><strong>What are the eligibility criteria for a KTP?<\/strong><\/p>\n\n\n\n<p>Businesses and not-for-profit organisations who wish to apply should:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Be UK based and of sufficient size to support the project<\/li><li>Have the financial capacity to make the required contribution to the cost of a KTP<\/li><li>Be aware that KTPs can have a long-term legacy that can be measured over five years as well as shorter term impact<\/li><li>Be able to show that their project demonstrates ambition, impact and innovation through a business plan that aligns with the long-term strategic aims of the company.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Interested? Let\u2019s chat\u2026<\/strong><\/h2>\n\n\n\n<p>Contact Enterprise and Engagement Manager, Charlotte Goode for an informal chat in the first instance by emailing <a href=\"mailto:b2b@canterbury.ac.uk\">b2b@canterbury.ac.uk<\/a> with \u2018KTP\u2019 in the subject field.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Charlotte Goode, Enterprise and Engagement Manager What is a Knowledge Transfer Partnership (KTP)? The power of three. A KTP is a three-way collaboration between your business, an academic or [&hellip;]<\/p>\n","protected":false},"author":118285,"featured_media":1721,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[186,189,182,193],"class_list":["post-1686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-collaboration","tag-innovation","tag-ktp","tag-research"],"acf":[],"aioseo_notices":[],"authorName":"Maxine Owen","featuredImage":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-content\/uploads\/sites\/629\/2021\/01\/shutterstock_1750972730-1-1.jpg","postExcerpt":"By Charlotte Goode, Enterprise and Engagement Manager What is a Knowledge Transfer Partnership (KTP)? The power of three. A KTP is a three-way collaboration between your business, an academic or [&hellip;]","_links":{"self":[{"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/posts\/1686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/users\/118285"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/comments?post=1686"}],"version-history":[{"count":11,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/posts\/1686\/revisions"}],"predecessor-version":[{"id":1722,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/posts\/1686\/revisions\/1722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/media\/1721"}],"wp:attachment":[{"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/media?parent=1686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/categories?post=1686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.canterbury.ac.uk\/engineering\/wp-json\/wp\/v2\/tags?post=1686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}