Part-funded by government, it’s a three-way partnership between a business seeking expertise to solve an innovative strategic problem, an academic institution (such as Queen Mary University of London) that helps develop an innovative solution, and an exceptional graduate – known as the KTP Associate – who transfers the new knowledge into the business. The partnerships vary in length between one and three years and is led by the KTP Associate who is employed by the University but works at the business.
A KTP is part-funded by a government grant. For small and medium-sized businesses the grant rate is 67% of the project cost and for large businesses 50%. The remainder of the project costs are paid by the business partner. The cost of a KTP to a business is less than recruiting a well-qualified graduate directly, plus the company will benefit from academic expertise, and state-of-the-art facilities.
Send us an email if you have an innovative idea for your business and would like to discuss whether a KTP could help take it forward.
Applications for KTPs enjoy a high chance of being successful, with around 90% of applications being accepted.
At Queen Mary, we work with businesses, public sector and voluntary organisations around the world to shape policy, drive innovation and create tangible impact. Winner of the Future
Innovator Award at KTP Best of the Best Awards 2020, Queen Mary is ranked fourth in the UK for commercialising research and has proven success in winning and managing KTPs.
Queen Mary has a dedicated KTP team who will manage the application process and support the project through to its conclusion.