Knowledge Transfer Partnerships
A Knowledge Transfer Partnership (KTP) is a partnership between a company, a university and a recent graduate who collaboratively tackle a project which is of strategic importance to the company. Part-funded by the Government, KTPs are designed to help companies benefit from the wide range of expertise available from universities, including the University of East London.
At the heart of each KTP is a relationship between a company and academic staff at the University of East London, whereby University expertise is applied to a project that is central to the development of the company partner. In the process, academic staff use the experience to enhance the business relevance of their teaching and research.
Each KTP is managed by a team consisting of staff from the University, the company partner and a recently qualified graduate who is recruited as the KTP associate. The aim of each KTP is to improve the competitiveness of the company partner and enhance the career prospects of the KTP associate.
Companies all over the United Kingdom are gaining the following advantages through participation in KTPs:
- development of new products and markets
- improved product design
- implementation of new technologies
- financial support for innovation
- streamlined processes
- heightened quality
- reduced costs
- increased sales turnover.
The Tangible Benefits for Business
Based on previous experience, a business that makes an investment in a KTP of around £32,000 over two years could expect to make a one-off related profit of £37,000, before tax, and recurring annual profits of £179,000, before tax*.
In research, companies that took part in a similar previous scheme reported benefits including:
- an increase in the overall value of the company (52%)
- increased overall sales (61%)
- increased sales in existing domestic markets (41%)
- increased profitability (42%).**
*Figures are based on reports by companies that completed partnerships in 2003/2004
** Source: Economic Consultants SQW Ltd, TCS Evaluation Report 2002.
For more information about KTPs, please click here
If you are interested in participating in a KTP project, please contact us
For more information about KTPs, please click here
If you are interested in participating in a KTP project, please contact us
