Government-backed KTPs help SMEs increase profits through access to new markets, aid new product development and increase productivity and processes
A West Yorkshire university is looking to double the number of Knowledge Transfer Partnerships with SMEs throughout the region.
Under its new strategic plan, the University of Huddersfield is working towards an ambitious target of 25 live projects in progress at any one time.
Funded by UK Research and Innovation through Innovate UK, Knowledge Transfer Partnerships (KTPs) are part of the government’s Industrial Strategy to help businesses improve through the better use of knowledge, technology and skills that reside within universities.
A KTP collaboration is designed to enable companies to engage in development research, whilst working closely with a university.
National statistics show that over the past five years each partnership has benefited from an average £60k increase in pre-tax profit during the lifetime of the project and a £600k per annum increase in pre-tax profit for the three years following completion of the project.
“Knowledge Transfer Partnerships represent a strategic focus for the University of Huddersfield and a number of the programmes have received national recognition for their success from Innovate UK,” said Laura Forester-Green, who is the University’s co-ordinator of knowledge transfer research and enterprise activities.“Across the University, we are taking steps to increase our portfolio throughout all of our schools of study, particularly to complement our high-performing School of Computing and Engineering. In particular, we see growth opportunities for programmes within our School of Applied Sciences and School of Art, Design and Architecture.”