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Knowledge Transfer Partnerships Process February 3 rd 2011

Knowledge Transfer Partnerships Process February 3 rd 2011. How can DRI help with KTPs?. Facilitate meetings with Companies, KTP advisors – ‘project match’ Advise on type of KTP project and process Company financial checks using ‘Fame’ Prepare projects costs and budgets

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Knowledge Transfer Partnerships Process February 3 rd 2011

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  1. Knowledge Transfer Partnerships Process February 3rd 2011

  2. How can DRI help with KTPs? • Facilitate meetings with Companies, KTP advisors – ‘project match’ • Advise on type of KTP project and process • Company financial checks using ‘Fame’ • Prepare projects costs and budgets • Manage submission process and contracts • Promote KTPs externally at Business events / Internal seminars • Attend KTP initial meetings • Assess progress of KTPs, input claims

  3. Classic KTP – Application process • 1st Stage – EOI (2 - 4 weeks) • 2nd Stage - Full application (2 - 4 weeks) • Programme Advisory Group (4 weeks) • Grant offer letter (4 weeks) 12 – 16 weeks

  4. Classic KTP Budget (1 year, SME)

  5. What makes a good application? • Writing the bid together • Clear finances, letters of support / business plan • Meeting sponsor priorities • A work-plan that shows • Transfer of knowledge • Embedding of knowledge • Clear Outputs and Outcomes – ideally linked! • Clear Milestones

  6. What happens once funding is given? • Grant Offer Letter provided by TSB to company & University • KTP acceptance agreement signed with company • Project Code Issued • Job Description and terms of employment agreed between company and university • Recruitment starts (associate not on HERA) • KTP agreement signed • Pre start of project meeting (LMCO) • Project START! 6 months

  7. What makes a good project? • Investment in time to solve company problems • Joint desire to ‘supervise’ associate • Managing expectations of partnership • Good project management • Open Innovation • Adhering to work-plan • Reading guidance notes & attending Supervisor workshops!

  8. Support for KTP

  9. What is expected from academic supervisor? • Proposal writing, IEF • Risk Register • Financial budget management with quarterly claims • ½ day a week time, visit once every 2 weeks • Local Management Committee every quarter • Associate recruitment, induction, development, appraisal

  10. Examples of KTP: Product Launch College of Engineering: Biometrics Developed new biometrics prototype for , launched and implemented across whole business saving £500k per annum for company

  11. Examples of KTP: Proving a process! School of Business: Actuarial Modelling • Local start up company ‘Indico’ who predict automotive quality and service issues and warranty claims – think Toyota brakes!!!! • To embed statistical methods for assessing automotive part failure rates throughout the company’s business activities.

  12. Examples of KTP: Proving a process! College of Medicine: Medical engineering • Local company ‘Ruskinn’ a leading supplier and manufacturer of anaerobic and modified atmosphere workstations. • To create a product development capability that allows the company to develop new product lines and increase market share of biomedical research workstations.

  13. Want to find out more? Useful websites KTP: http://www.ktponline.org.uk/ TSB: http://www.innovateuk.org/deliveringinnovation/knowledgetransferpartnerships.ashx DRI: http://www.swansea.ac.uk/research_innovation/ResearchandProjectSupport/KnowledgeTransferPartnerships/KTPresources/ Useful Numbers Ali Parker – 01792 60 2630 a.c.parker@swansea.ac.uk David Notley – 07941207801 davidnotley@impactmc.co.uk

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