The Innovate UK is investing up to £6 million towards the 2021-22 Knowledge Transfer Partnerships (KTP) project, with the business partners in the funded projects also contributing to the costs.
The Knowledge Transfer Partnership (KTP) scheme allows a UK registered business or not-for-profit organisation (which they will refer to collectively as the ‘business partner’ from now on) to partner with a UK higher education (HE) or further education (FE) institution, RTO or Catapult (which they will refer to as the ‘knowledge base partner’).
Your application must be for a specific, strategic innovation project that tackles one or more challenges faced by the business partner.
It can be any kind of project, it must show:
- How it helps the business with a real need;
- How it fits the strategic aims of the business partner;
- There is a genuine market opportunity and route to market;
- How the knowledge gained will be embedded within the business partner;
- What makes this approach innovative.
- Innovate UK will consider partially funding project costs of any amount if they judge the costs to be appropriate. Typically, projects cost no more than £75,000 per year. A proportion of this will be paid by the business partner.
- Each KTP is a partnership between the following:
- A UK knowledge base, which will be the lead organisation and submit the application;
- A UK registered business or not-for-profit organisation.
- Your project can last between 12 and 36 months, depending on the project requirements.
- KTP does not support projects with public sector organisations.
Knowledge base partner
- Each application must be created by a knowledge base, working with a business partner, with the help of a knowledge transfer adviser.
- The knowledge base partner must lead the project and must:
- be the UK registered higher education (HE) or further education (FE) institution, RTO, or Catapult.
- invite one UK registered business of any size or not-for-profit organisation into the Innovation Funding Service.
- invite one knowledge transfer adviser.
- not act in any way to gain selective commercial or economic advantage from the outputs of the project.
- recruit associate roles in a demonstrably open and fair manner.
- allow associates to carry out the majority of the project at the business partner’s premises
- provide academic support for the associate.
- make sure the application is completed and submitted before the competition closes.
- The knowledge base partner cannot work alone.
- Business partners cannot work alone. They must develop the project with a knowledge base of their choice. They encourage business partners to approach knowledge bases directly.
- To collaborate with the knowledge base, the business partner must:
- be a UK registered business, of any size, or a not-for-profit organisation.
- have more than 2 employees.
- demonstrate its ability to financially support its contribution to the project.
- accept an invitation from a knowledge base to participate in a project and complete their parts of the application form.
- provide a summary of their financial accounts from the past 3 years.
- provide supervisory support for the associate.
- host the associate.
For more information, visit https://bit.ly/3r6pL2W