What can a KTP offer your business?
KTPs aim to help organisations improve their competitiveness and productivity by capitalising on knowledge, technology and skills.
A KTP with Aston can help your business innovate, compete in new markets and increase profitability. From delivering improvements to existing products and supporting the development of novel products and systems, to creating frameworks that improve efficiencies in processes and upskill staff. This flexible approach enables you to identify the best way to accelerate business growth and enhance your competitive advantage.
With the help of Aston’s Research and Knowledge Exchange, we'll help you to identify the Aston academics that have the right expertise to deliver your innovation and transform your business. Jointly we will define the project and build a business case that demonstrates the commercial impact of this innovation. A successful KTP project will address strategic needs in the company and identify the right solutions to help your business grow. This could be improving existing products, creating new products, implementing a strategy to enter new markets, or developing systems and frameworks to improve efficiency in staff and processes.
Once your project been approved, we will jointly recruit a highly qualified researcher (KTP Associate) with the capability to lead this strategic project. They are employed by Aston but work within your business to manage the project, applying their knowledge and ensuring that the University’s expertise is embedded into the business for long-term benefit.
The Academic Team are closely involved throughout the project, spending half a day each week working with you at the company to support the project and supervise/mentor your KTP Associate.
A KTP provides your business with extraordinary, cost-effective access to Aston’s unique resources, including research expertise, cutting-edge technology and equipment, and solution-oriented initiatives.
The cost of a KTP project is shared between the business, UKRI and other government co-funders who contribute 50-67% of the project cost via a grant to the academic or research organisation. Co-funders include the Scottish Funding Council, Welsh Government, Invest Northern Ireland, Defra and BEIS. Innovate UK manages the KTP programme and facilitates its delivery through a range of partners including the Knowledge Transfer Network (KTN), Knowledge Bases and Businesses. Each partner plays a specific role in the support and delivery of the programme.
In practice, the business makes a cash contribution for the remaining project cost with a small to-medium business contributing 33% and a large business 50% per annum. 33% of the total costs of running and delivering the project is typically between £30,000 and £35,000 per year. The balance of the cost is provided in the form of a grant from Innovate UK. This covers the salary of the Associate, their training and development, the cost of the Academic Supervisor’s time spent on the project and access to university facilities. KTP project costs are also eligible for the Governments Research and Development Tax Credit Scheme, which makes KTP a very cost-effective programme.
Aston University is in the top 10 most active universities for delivering Knowledge Transfer Partnerships (KTPs) in the UK. We have a strong history of working in partnership with industry and delivering successful outcomes to businesses. Businesses of all sizes and from all sectors are eligible to participate, as well as 3rd sector organisations, charities and social enterprises.