Knowledge Transfer Partnerships More than a work placement How do they work?

A tripartite agreement

Key details Structured programme that lasts between 12 to 36 months Based on a project of strategic importance Graduates (Associates) are recruited and employed by the University of Wolverhampton but based, full-time, at a specified partner location Academic support is provided for two days per month Grant includes a training, equipment and travel budget Preparation time required to compile initial outline, then the main application

Programme budget For a two-year programme: Associate employment cost£54,000 Academic and secretarial support£21,000 Associate development£ 4,000 Equipment£ 3,000 Travel£ 4,500 TOTAL£86,500 Typical annual cost to an SME = £17,300 +VAT

Company Programme benefits Designed to improve productivity Creates long-term strategic partnerships Ability to recruit high quality associates with subsidised costs Investment in specialist equipment Fully support knowledge and innovation transfer activities Ability to access the knowledge resources of the University

Academic benefits Time buy-out from teaching role Provide rich source of material to add into existing curriculum Provide Case studies Feed into research activity (RAE) Opportunities to deliver papers at International Conferences Travel budget: SSPAL academic had costs covered to deliver a paper in Poland

Government benefits For every £1m of Government investment in KTP, the benefits achieved by UK businesses amount to: £3m increase in annual profits before tax The creation of 54 genuine new jobs 395 company staff trained

Associate benefits Fast Track into management -Ownership of a project Real job with responsibilities from day one Employed by the host University Diploma in Management Access to higher qualifications Travel and additional development budget Academic mentor

University KTP activity Currently have 30 live partnerships Over 10 potential partnerships being written Nationally ranked 3 rd most successful KTP University Regionally ranked number 1 Responsible for a third of all KTP’s in the Region

Examples Fairfield Displays Establish a professional design capability in the company. Review products, materials and markets to develop a new strategic design policy and new innovative display products. Entec International Establish a fully integrated supply chain management system that worked across, and interfaced with, all internationally- recognised operating platforms, providing international growth opportunities.

Shorter Knowledge Transfer Partnerships Pilot supporting 37 projects running in West Midlands 10 to 40 weeks programme Aims to address short-term tactical issues Can act as a stepping-stone for organisations who have not worked with a University before Can stand alone, lead in, work in parallel with or follow on from a Classic KTP 60% subsidy for first time SMEs - 40% for non-SMEs Full cost =£950 per week, SMEs pay £380 per week

Any KTP questions? Contact: Marc Fleetham Knowledge Transfer Partnership Manager The Competitiveness Centre Tel: Mobile: