Knowledge Transfer Partnership (KTP)
Topic of the practice
The KTP programme helps businesses improve their competitiveness, productivity and performance through better use of the knowledge, technology and skills available within the UK knowledge base.
Good Practice Information
The KTP is a partnership between a business, an academic institution and a recently qualified person (Associate) to facilitate the transfer of knowledge and embedding of new capability within the business organisation. These partnerships provide skills and expertise to help businesses that want to develop innovative solutions to help them grow, or that need to address challenging issues facing their organisation. KTPs can vary in length depending from 1-3 years with the classic KTP – designed to tackle strategic issues and from 10-40 weeks with the shorter KTP – designed to address more tactical issues.The application for funding is made through the KTP website to the KTP Programme Office. Applications are approved by the Technology Strategy Board on behalf of the organisations funding KTPS. Government contributes towards the knowledge base partners’ cost of participation, whilst the company makes up the balance of the project cost.
Objectives of the policy:• Facilitating the transfer of knowledge and the spread of technical and business skills, through innovation projects undertaken by high calibre, recently qualified people under the joint supervision of personnel from business and the knowledge base.
• Providing company-based training for graduates in order to enhance their business and specialist skills within the context of the project.
• Stimulating and enhancing business relevant education and research undertaken by the knowledge base.
• Increasing the extent of interactions by businesses with the knowledge base and their awareness of the contribution it can make to business development and growth.
Evidence of success
For every £1m of government investment in KTPs, the benefits achieved by UK businesses amount to:
• £3.5m increase in annual profit before tax
• 374 business staff trained
• 34 new jobs created
Contact details to obtain further information on the practice
Professor Carl Abbott
University of Salford
Annex completed on: 08-31-2011