10 Jul 2012
Change Management, Entrepreneurs, Innovation, People, Strategic Alignment, Strategic Execution, Uncategorised
The Knowledge Transfer Partnerships (KTP) scheme is designed to support UK businesses wanting to improve their competitiveness, productivity and performance by accessing the knowledge and expertise available within UK Universities and Colleges.
What is the Knowledge Transfer Partnership?
A (KTP) is a three-way relationship formed between an organisation and an academic institution/ University (‘Knowledge Base’ partner), which facilitates the transfer of knowledge, technology and skills to which the company partner currently has no access. Each partnership employs one or more graduates/ recently qualified people (known as an Associate) to work in a company on a project of strategic importance to the business, whilst also being supervised by the Knowledge Base Partner.
What are the aims of Knowledge Transfer Partnership?
- Facilitate the transfer of knowledge through projects undertaken by high calibre, recently qualified people under joint supervision from a company and an academic institution
- Provide company-based training for recently qualified people to enhance their business and specialist skills
- Stimulate and enhance business-relevant training and research undertaken by the academic institutions
- Increase the interaction between businesses and academic institutions, and awareness of the contribution academia can make to business development and growth
By participating in Knowledge Transfer Partnerships, a business can:
- Access qualified people to spearhead new projects
- Access experts who can help take their business forward
- Develop innovative solutions to help their business grow
- Develop their business for today’s market
- Increase their competitive advantage
- Improve their performance/ business operations
- Increase profitability
The benefits of KTP to academics are wide ranging. KTP provides leading academics with the opportunity to:
- Apply knowledge and expertise to important problems facing businesses
- Develop relevant teaching and research material
- Identify new research themes and undergraduate and post graduate projects
- Publish high quality journal and conference papers
- Gain an improved understanding of business requirements and operations
- Participate in rewarding and ongoing collaboration with innovative businesses
- Supervise and act as mentors for past graduates working on business based projects
A KTP looks to
- launch an associates career from the right platform
- earn value in the market place
- apply the graduates degree to the job
- mentor the associate
- give the associate ownership of the project
With a KTP, the Associate takes ownership of a project that is core to the development of the organisation’s strategy; applying the associates’ degree as well as develop their skill base with continued support from both the organisation and academic supervisor. The associate also enables the knowledge transfer between the organisation and the academic institution.