How KTPs Work
With the help of the KTP office within Greenwich Research and Enterprise, we'll identify an Academic Partner (from the University of Greenwich) who has the right expertise for your business. You'll then employ a recent graduate to manage the partnership from within your business (known as an Associate). Between the Associate, the Academic Partner and yourselves, you'll define and agree a project plan to deliver the project goals.
There's no set length for a partnership your project could last anywhere between 10 weeks to 3 years, depending on whether your business need is tactical or strategic. The overall aim of the KTP is to help your business make a step change in an area that you have identified as a high priority.
Read more on the National KTP website
What are the benefits to you?
By participating in Knowledge Transfer Partnerships you can:
- Access qualified people to spearhead new projects
- Access experts who can help take your business forward
- Develop innovative solutions to help your business grow
- Develop your business for today's market
- Increase your competitive advantage
- Improve your performance/business operations
- Increase profitability
Business performance can vary considerably from case to case, given the variety and type of projects. However, recent information from ktponline.org.uk suggests that, on average, the benefits from a single KTP project are:
- An increase of over £220,000 in annual profits before tax
- The creation of three genuine new jobs
- An increase in skills of existing staff