Knowledge Transfer Partnerships
A typical annual contribution for an SME is £30,000 (33% of the full cost) for SME’s and £45,000 (50% of the full cost) for larger companies. The rest of the cost is subsidised by Innovate UK. On average, each business undertaking a KTP generates an increase of over £240,000 in annual profits before tax, the creation of 2 jobs and 20 trained staff.
The graduate employed onto the project receives around £27,000 per annum.
Simon Marker, Research and Development Director at Seven Technologies.
“The KTP exceeded our expectations in terms of quality and quantity of output as well as creating strong links with our academic partners. It has delivered significant value for money and laid the foundations for the revolution of our core technology to meet the challenges of the future."