How is the KTP funded?
Each KTP is part-funded by Innovate UK, meaning businesses need to contribute to the salary of the Associate and academic supervisors. SMEs typically contribute a third of the cost, which on average amounts to £28,000. Larger businesses contribute half, which on average works out at £40,000.
With our successful track record in delivering KTP programmes, we act as a facilitator and key partner for interested businesses. We perform an important role in supporting exploratory discussions and meetings and also help you through the application process. In addition, we provide ongoing academic supervision throughout the partnership.
-- What's it all about? --
The KTP Scheme:
is administered nationally by Innovate UK
encourages collaboration between universities and industry
can last 12-36 months depending on project scope and business requirements
KTPs are Based on a Three-way Partnership Between:
a UK-based business of any size or not-for-profit organisation
a UK-based academic organisation
a suitably qualified graduate who can lead a strategic business project
Key Benefits for Businesses
Cost-effective route to recruiting a suitably skilled person to work on a specific, strategic business challenge
Benefitting from a dedicated university resource for the entire duration on the KTP programme
Exclusive access to world-leading facilities and resources at WMG, the University of Warwick
Fresh impetus of new ideas and thinking to support business improvement
- A summary of how it works
Contact us to discuss whether a KTP could be an option for addressing your specific business challenges. You'll need to have a specific project in mind, which would need top link in with our core areas of capability.
We contact the Regional KTP Advisor to discuss the idea in more detail and decide whether a proposal should be created. Once confirmed, a plan for developing and submitting a KTP proposal is agreed.
We support you in developing the KTP proposal, ensuring it meets all essential criteria.
Once approved, and in our role as academic partner, we lead the recruitment of a suitably qualified graduate, who would be employed by the university and based at your location for the duration of the KTP programme. The chose 'Associate' would have the most relevant skills and technical background to be able to deliver the identified business challenge.