Knowledge, expertise and research will help you make informed decisions about which direction to grow your business. We offer a range of initiatives designed to support businesses in the North West.
Knowledge Transfer Partnership
A Knowledge Transfer Partnership (KTP) involves one of our Enterprise and Business Development managers working with your business to create a partnership between you and the University, enabling access to the knowledge, technology, skills and expertise held by our academics, professionals and technical specialists. Collaborations between academic institutions and businesses foster innovation and stimulate growth.
The knowledge you require is provided by a graduate (known as the Associate), recruited to work specifically on a project. KTPs can vary in length from 12 to 36 months, depending on the needs of the business and the desired outcomes.
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
KTPs can help your business access highly qualified people to spearhead new projects
- Work with experts who can help take your business forward
- Develop innovative solutions to help your business grow
- Develop your company for today’s market
- Increase your competitive advantage
- Improve your performance/business operations
- Increase profitability
At the University of Cumbria, we feel KTPs are really about exchange rather than transfer - a three-way flow of experience, skills and knowledge between the KTP partners.
Visit the Knowledge Transfer Partnerships website for more information.