What is HEIF Knowledge Exchange?
HEIF Knowledge Exchange is a new business improvement programme, developed by the University of Salford and part-funded by the HEIF, designed to help companies increase their capability, profitability and achieve growth through working with the University.
How does Knowledge Exchange work?
Knowledge Exchange offers a level of flexibility to companies in order that they make a step change that would not happen without the funding. This is made possible through the transfer of knowledge into the business via a recent graduate who is recruited to work full-time on a growth project, developed in association with the University for six to 18 months.
The University supports the company from application stage; during recruitment and for the lifetime of the project.
Monthly project meetings are held between the Affiliate, academic and company supervisors to review progress against the project plan. Management meetings are held at the start, mid-way point and at the end of the project with all parties to ensure the project is on track and delivering results for the business.
What are the benefits of Knowledge Exchange?
By working with the university your business will gain: a graduate (known as an Affiliate) working full-time on a bespoke project within the company, to enable the company to develop new products, improve business processes, create strategic/tactical marketing plans or reduce operational costs.
HEIF Knowledge Exchange enables businesses, which do not meet the KTP criteria, to benefit from University expertise and longer term engagement.
An academic team, with the skills and expertise the company is looking to develop spends the equivalent of half a day per week in the business' premises to supervise the Affiliate in delivering an agreed project.