Take your business to the next level with the academic know-how and funding that brings about real change.
Through the Knowledge Transfer Partnership programme, you can improve your business’s productivity and performance with the input of UCL’s world-leading academics.
What is a Knowledge Transfer Partnership (KTP)?
A KTP provides the funding and support for you to join forces with an academic team and a highly skilled graduate, using the latest research to help grow your business. Together you’ll work for one to three years on developing a new product, process, service or efficiency saving.
The scheme is open to companies of all sizes and may also be relevant to other types of organisations.
Examples of our recent KTPs
- Hummingbird Technologies has teamed up with UCL Statistical Science to improve the science behind drones that provide insights into how crops are growing.
- Numbermix is collaborating with UCL Institute of Education on the design of a digital education platform for teachers and schoolchildren.
- UCL Physics & Astronomy and UCL Chemical Engineering are using advanced chemistry simulation techniques to set up a Digital Lab for BP and solve the challenges of oil and gas production.
How the partnership benefits you
You’ll be able to:
- solve your strategic challenge with world-leading academics from UCL
- access funding to cover up to two-thirds of the project costs, depending on the size of your business
- increase your annual pre-tax profits by an average £600,000
- enhance the skills and knowledge of your staff
The other partners benefit too, with the academic team publishing its findings and many companies choosing to employ the graduate afterwards.
How it works
- You’ll have an idea of how academic know-how could transform your business, but don’t yet have the expertise in house.
- You’ll be partnered with two academics who have the knowledge you need. They’ll jointly commit half a day a week to overseeing the project.
- Together you’ll recruit a graduate, usually at master's level or above, who’s employed by UCL but works on site as part of your team. They’ll lead the project and make sure its innovations take root.
What funding is available
A KTP typically costs around £120,000 a year.
Innovate UK, the government funding body, will cover a substantial part of these costs:
- 67% funding for an SME
- 50% funding for a larger company
Your organisation will then need to pay the remaining percentage.
Process and timings
It can take at least nine months to get all the pieces of a KTP in place. That includes applying for the funds, creating a detailed workplan and recruiting an associate. You’ll be supported at every stage by our UCL KTP Manager and a Knowledge Transfer Advisor from Innovate UK.
If you have a project in mind and you’re keen to find out more, contact us at email@example.com or 020 3108 6145.