Recent times have clearly demonstrated that innovation is a key attribute harnessed by thriving organisations, or indeed those reinventing themselves to maintain their foothold in the face of massive challenges. Innovation tends to emerge when individuals with new ideas and different perspectives and experiences come together to consider a current challenge or problem. The KTP programme enables this intersection to happen in a structured yet organic way.
Contact the KTP Team at York
KTPs represent an extremely cost-effective means of introducing new skills into your workplace to resolve an ongoing challenge or issue. They can help you improve organisational competitiveness, productivity, performance and profitability through innovation and knowledge exchange.
A KTP is part-funded by a grant. Your organisation 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 organisation. Typical annual costs for a KTP are detailed below.
Description | Total annual KTP cost | Typical annual cost to an SME (33%) | Typical annual cost to a large business (50%) | Typical annual cost to a charity/non-profit (25%) |
---|---|---|---|---|
Associate salary | £55,000 | £18,150 | £27,500 | £13,750 |
Associate development, travel, subsistence and consumables | £5,250 | £1,732 | £2,625 | £1,313 |
Access to and support of University's academic team and facilities | £20,000 | £6,600 | £10,000 | £5,000 |
Additional associate support | £40,000 | £13,200 | £20,000 | £10,000 |
Total | £120,250 | £39,682 | £60,125 | £30,063 |
The duration of a KTP is dictated by the project which is being delivered. They typically last around 24 months but can be anywhere between 12 and 36 months.
A KTP is an organisation-driven partnership, which means the partnership is in place to improve your organisation’s competitiveness, productivity, performance and profitability. This in no way means that your organisation does all the work. You will have the support and expertise of the KTP Team available to you at any time, access to one of the national Knowledge Transfer Advisers from the Innovate UK Business Connect network and of course the academic(s) collaborating with you.
Your project has, by design, regular catch-ups between the three key parties: the company supervisor, the academic(s) involved and the Associate. There are also less frequent but no less important Local Management Committee meetings, which are attended by the KT Advisor, Associate, the academic and partner organisation’s team and a member of the University's KTP Team. The structures and systems in place for KTP have been developed over decades and are there to ensure the best possible outcomes for the partnership and therefore your business.
Organisations who wish to apply should:
As well as receiving up to 75% in grant funding for your project, you are also likely to be able to reduce your costs further through claiming Research and Development Tax Relief (you should seek advice on your eligibility).
KTP Team Contact details
Dr Rukmal Abeysekera
Knowledge Transfer Manager
Business Development team
The Stables, University of York
Tel: +44 (0)1904 321124
rukmal.abeysekera@york.ac.uk