Knowledge Transfer Partnership Funding

Primarily funded by UK Research and Innovation, Knowledge Transfer Partnerships (KTPs) are a type of collaborative project that aim to support the transfer of knowledge, expertise and technology between businesses and academic institutions, like universities.

What is Knowledge Transfer Partnership funding?

The Knowledge Transfer Partnership scheme is a programme by Innovate UK that helps businesses get expert help from universities.

This business finance option covers project costs, usually around £80,000 to £100,000 per year. This allows businesses to access external expertise without paying the full cost themselves.

Eligibility and exclusions

Knowledge Transfer Partnership funding is open to any trading and viable business within the UK.

Benefits and scenarios

Knowledge Transfer Partnership funding allows businesses to access external expertise and cutting-edge research from universities. This can help to drive business innovation and solve specific challenges they may face.

These partnerships bring fresh expertise to your business, helping you to develop innovative products and solutions for better growth.

Risks

In a Knowledge Transfer Partnership scheme, you will need to cover 23% of all costs involved.

Though there can be a lot to gain, the partnership does not guarantee a successful launch or commercialisation of your product or service.

Think a Knowledge Transfer Partnership scheme could be a good fit for you?

If you’re considering a Knowledge Transfer Partnership scheme, get in touch with us today. One of our specialists will be able to advise you on how to get started with tailored advice for your business.

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