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£30 million for business and graduate partnerships

Innovate UK has announced an extra £30 million of funding for Knowledge Transfer Partnerships (KTPs), which connect UK businesses with an academic or research organisation and qualified graduate to work on innovation projects.

It will allow significant expansion of the KTP programme. Currently, there are 630 graduates and post-doctoral researchers employed in KTPs. These include industrial research and development and entrepreneurial roles.

This funding comes from government's National Productivity Investment Fund. It will help to build the pipeline of high-skilled research talent necessary for a growing innovation economy.

Businesses that have previously taken part in KTPs include Dyson, Jaguar Land Rover, Rolls-Royce, Sainsbury's and Unilever. Baby food brand, Ella's Kitchen, has run 3 schemes, working with the University of Reading.

The majority of KTPs are made up of small to medium-sized enterprises (SMEs) - around 80% of all those run.

To find out more about Knowledge Transfer Partnerships please visit:

https://www.gov.uk/guidance/knowledge-transfer-partnerships-what-they-are-and-how-to-apply

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Posted 2017-12-08 16:04:41

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