What is KTA
Currently most UK universities have a KTA - Knowledge Transfer Account formerly known as a Collaborative Training Account (CTA)
This account is funded by the UK Government through the DTI’s Science Budget (administered via the EPSRC - Engineering and Physical Sciences Research Council) so that Universities can develop a two-way transfer of ideas, research results, expertise and skilled people - with private, public and third sector partners.
The UK Government has made and continues to make considerable core investments into Science and innovation as it believes it is a key driver of economic and social growth. These investments aim to encourage and evolve a culture of knowledge exchange, featuring the following where:
- UK as a key knowledge hub in the global economy
- Ideas are created, absorbed and deployed rapidly
- Numbers are driven up of skilled scientists, engineers and technologists
- Knowledge is effectively translated into business and public service innovation
- The prospect of economic wealth is enhanced
- Growth is generated through productivity and employment
- The needs of business are understood
- New ideas are brought successfully to the marketplace
Led by Government and Research Councils, the way Universities encourage this to happen (the mechanisms and tactics) are left in hands of universities, partners and the users/customers.
Consequently, funding for the Knowledge Transfer Account is allocated by the EPSRC to each University based on the results of a four yearly bidding process. During this bid, each University puts forward its best ideas on how to generate the most potential and deliver the best results.