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

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

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

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

  2. A tripartite agreement

  3. Keydetails • 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

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

  10. 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.

  11. 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

  12. Any KTP questions? Contact: Marc Fleetham Knowledge Transfer Partnership Manager The Competitiveness Centre Tel: 01902 824128 Mobile: 07866 758061 E-mail: m.j.fleetham@wlv.ac.uk

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