Benefits of KTP
KTPs aim to deliver significant increased profitability for business partners as a direct result of the partnership through improved quality and operations, increased productivity efficiency, effectiveness, sales and access to new markets. Latest metrics:
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Businesses achieve an average increase in annual profit of more than £1 million after taking part. They also create an average of three new jobs and train 31 staff
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Academic partners produce on average more than 3 new research projects and 2 research papers for each project
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Around 80% of associates are offered a permanent job in the company when the project ends
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90% report improved business performance and 86% have plans for further collaboration
KTP for Business
Taking part in a KTP can help you to develop your business. You can get academic expertise that you don’t have in-house. This can improve your business processes and performance, helping you to become more competitive and productive. A KTP is part-funded by a grant, which is paid to the University partner. You will need to contribute to the overall cost of the project.
The amount you will need to contribute depends on the scale and length of the project. It will also depend on the size of your business. Typically:
- Small and medium-sized enterprises contribute around £30,000 per year, about one-third of the project costs
- Large businesses contribute around £45,000 per year, or half of the project costs
KTP for Academic Institutions
Knowledge base partners who take part in a KTP create on average more than 3 new research projects and 2 research papers for each project. Most knowledge bases have a dedicated KTP office. These offices work with the business and academic partners who intend to collaborate together to scope out the project. They can also help with the application to Innovate UK.
KTP for Graduates
Accelerate your career, KTP is one of the UK’s largest graduate recruitment programmes. There are over 300 job opportunities each year for graduates to lead KTP projects and with UWS you can enroll in a higher degree for FREE during your KTP! Successful completion of a KTP project often leads to a permanent job with the company.
Every associate is given a dedicated training and development budget that supports:
- Developmental training that is specifically required for the project
- Training that helps the all-round development of the associate
- Development budget of £2,000 per year
Watch our annual KTP Associate Seminars below:
HEAR FROM OUR PREVIOUS ASSOCIATES
Find out more about our previous associates in our Q&A sessions
Last updated: 12/12/2023