Knowledge transfer partnership (KTP)
Topic of the practice
Support to SMEs
Good Practice Information
KTPs are based on a relationship formed between a company and an academic institution ('Knowledge Base' partner), which facilitates the transfer of knowledge, technology and skills to which the company partner currently has no access. It's a three way partnership helping businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills already
residing within the UK Knowledge Base.
£150M state funding for UK wide Knowledge Exchange activities 2012/3. (Viewed as key investment, level of investment retained despite economic/financial constraints). Typical annual KTP project budget is £60K with SMEs contributing 33% and larger businesses 50%. This includes the cost of training, equipment and consumables passed to the KB on completion.
Evidence of success
Businesses have reported a significant return on investment arising from the scheme, with government investment/funding expected to result in additional profit, new jobs, annual exports further business led investment in research and development and plant and machinery. Development of long term relationships with businesses involved/cross selling of other services.
Contact details to obtain further information on the practice
Annex completed on: 03-19-2014