KTPs are one of our favourite types of funding, as provides massive opportunity for private companies, but also the individuals involved in the process. Provides a unique opportunity to collaborate with academic staff but also keep in-house the knowhow of your company.
Read below an outline of what a KTP is and feel free to get in touch for ask more questions.
UK registered academic institutions, RTOs or Catapults can apply for a share of up to £9 million to fund innovation projects with businesses or not for profits.
Competition opens: Monday 15 April 2024
Competition closes: Wednesday 26 June 2024 11:00am
Description
The Knowledge Transfer Partnership (KTP) programme allows a UK registered business or not for profit organisation, (which we will refer to collectively as the ‘business partner’ from now on) to partner with a ‘knowledge base partner’, which is either a UK higher education (HE) or further education (FE) institution, research and technology organisation (RTO) or Catapult.
The KTP partnership brings new skills and the latest academic thinking into the business partner to deliver a specific, strategic innovation project. The knowledge base partner recruits the ‘associate’ to work on the project. The associate has the opportunity to lead a strategic development within the business, developing new skills and gaining valuable experience.
Guidance on how to apply for a KTP is available.
Funding Type
Knowledge Transfer Partnership (KTP)
Project Size
Typically, a project’s total costs are £8,500 per month. Projects must be between 12 and 36 months. A proportion of the knowledge base partners’ costs will be funded by Innovate UK. The remainder of the project costs are paid by the business partner.
Who can apply
Each Knowledge Transfer partnership (KTP) is a partnership between the following:
- a UK knowledge base, acting as lead organisation and submitting the application
- a UK registered business, not for profit organisation or eligible public sector organisation
Your Project
Your application must be for a specific, strategic innovation project that tackles one or more challenges faced by the business partner.
It can be any kind of project and must show:
- why the business needs this Knowledge Transfer Partnership (KTP)
- what new knowledge is required by the business
- what new capabilities will be embedded as a result of the KTP
Dates
- Competition opens 15 April 2024
- Competition closes 26 June 2024 11:00am
- Applicants notified 29 August 2024
- Feedback 5 September 2024
How your application will include?
The application is split into three sections:
- Project details, including scope. If your project is not in scope it will not be assessed and will be withdrawn from the competition.
- Application questions.
- Finances.
If your application is in scope, the assessors will score your application holistically. They will score on:
- impact
- challenge
- innovation
- cohesiveness
Each of these areas will be scored out of 10 marks (for a maximum total of 40 marks). Assessors will also consider the viability of the overall project including consideration of project affordability and commercialisation of outcomes.
You must meet all the eligibility rules for your project to be considered for funding.
How to apply
Before you start
You must read the guidance on applying for a competition on the Innovation Funding Service before you start.
Before submitting, it is the lead applicant’s responsibility to make sure:
- that all the information provided in the application is correct
- your proposal meets the eligibility and scope criteria
- all sections of the application are marked as complete
- that all partners have completed all assigned sections and accepted the terms and conditions (T&Cs)
You can reopen your application once submitted, up until the competition deadline. You must resubmit the application before the competition deadline.
What information you need to provide
The application is split into three sections:
- Project details.
- Application questions.
- Finances.
Explore Grant Opportunities with Expert Guidance
Interested in learning more about this grant competition and how it can benefit your project?
Click here to book a consultation or send a message to discuss the details and explore how you can maximise your chances of success. If you’re seeking support in crafting a compelling application, our experts are here to help. Let’s collaborate to navigate the competition process and unlock new opportunities for your business.
