True innovation often involves cutting edge research and development that requires skills, knowledge and resources beyond a company’s means, and that is a gap that Knowledge Transfer Partnerships (KTPs) are designed to fill.
The Knowledge Transfer Partnership (KTP) scheme helps businesses in the UK to innovate and grow by linking them with an academic or research organisation and a graduate.
A KTP enables a business to bring in new skills and the latest academic thinking to deliver a specific, strategic innovation project through a knowledge-based partnership.
The academic partner will help to develop the project, provide academic input and recruit a suitable graduate. They will also act as the employer of the associate, who then works at the business for the majority of the project.
The scheme can last between 12 and 36 months, depending on what the project is and the needs of the business.
For more information about how KTPs can help your business innovate visit http://ktp.innovateuk.org/ or talk to an Innovate UK EDGE Innovation & Growth Specialist https://www.innovateukedge.ukri.org/contact-us.