An event to showcase Knowledge Transfer Partnerships (KTP) and Innovate UK Collaborative Research and Development projects has taken place at Aston University. Their Business Partnership Unit held an exhibition that featured a poster competition in three categories to explain the processes, progress and results of the collaborative work between the university and businesses. It also celebrated the 40th anniversary of KTPs by highlighting some of the innovative, exemplar work that has taken place over the period. KTP is a UK wide programme designed to help businesses to improve their competitiveness, productivity and performance by accessing areas of knowledge and skills that reside within UK universities. Aston’s Head of Business Development John Richards explained:
“Business performance outputs vary from case to case, given the variety and type of projects.Our latest information shows that, on average, the business benefits that can be expected from a single KTP project (typical duration 6 - 36 months) include an increase of over £240,000 in annual profits before tax, the creation of two genuine new jobs and an increase in skills of existing staff." The early stage prize was awarded to Paula Blanco Sanchez who only started her project in February. Daniel Lee picked up the established category prize, he has been offered a position with Gas Data Ltd in Coventry that will allow him to continue his work with them on the next generation of gas monitoring systems. John continued: “The Innovate UK Collaborative R&D projects were established to solve specific technical or societal challenges. They are industry led projects which typically involve a consortium of industrial and academic partners.” The prize in this category was won by Alec Kingsnorth. Working with Malvern based Optimec, the project involved creating a dual imaging device looking at both the geometry and the optical power of contact lenses for metrology purposes. Aston has initiated many successful collaborative projects in areas including product design and development, photonics, optometry, operations and information management. To discover more about the innovative projects that Aston University gets involved with working in partnership with business and the variety of opportunities available to help businesses grow contact John Richards on 0121 204 4254.