If you’ve recently graduated you could kick start your career…
Or you could transform your business…
…by taking part in a Knowledge Transfer Partnership (KTP) managed by Innovate UK.
These partnerships connect recent graduates with academic or research institutions and a UK business or not-for-profit. The three-way collaboration aims to solve a real-world issue that the business is facing.
KTPs are designed to help UK business’ stay competitive by encouraging them employ talented graduates while also keeping up with the latest industry innovation by taking advantage of advice and support provided by the academic partner.
The academic or research organisation partner (knowledge base) will help to recruit a suitable graduate. They will also act as the employer of the graduate, who then works at the company for the duration of the placement.
The scheme can last between 12 and 36 months, depending on what the project is and the needs of the business.
Benefits…
Graduates:
- Fast track your career.
- Competitive salary.
- Enhance your project management and business strategy skills.
- Take part in one of the largest graduate schemes in the UK.
Business:
- Develop your business.
- Obtain academic expertise that you don’t have in-house.
- Improve your business performance
- Help you to become more competitive and productive.
Applying…
Graduate opportunities can be found at:
- KTP vacancies online
- an academic or research organisation’s dedicated KTP office
- university departments
- career offices
- recruitment websites
- local newspapers
If you are part of a business with a problem that you think the College could help you solve, use our expert database to find a possible academic partner for a KTP project.
Costs…
A KTP is part-funded by a grant. You will need to contribute to the salary of the Associate who will work with your business, plus the cost of a supervisor who will oversee the scheme.
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 company. Typically:
- small and medium-sized enterprises contribute around £35,000 per year, about one-third of the project costs
- large businesses contribute around £55,000 per year, or half of the project costs
For more detailed information visit – http://ktp.innovateuk.org/
Sources:
https://www.manchester.ac.uk/collaborate/business-engagement/knowledge-exchange/transfer-partnerships/graduates/
http://www.ncub.co.uk
Information gathered from https://www.gov.uk/guidance/knowledge-transfer-partnerships-what-they-are-and-how-to-apply#lseans and used in accordance with the Open Governance License for Public Sector Information.