KTP - benefits for academics
Why get involved?
Most of our academics find that working on a KTP is a lot of fun. Yes, it can be challenging, but each project broadens your expertise, widens your circle of contacts, provides new and exciting opportunities for your students and generates new funding streams for studentships and postgraduate funding.
Each KTP project is funded by the company (SME 33%; Large Company 50%) and Government. As part of the package, the company will get access to an academic team’s time, the equivalent of half a day per week; to provide the acadmeic input, mentor the Associate, attend conferences and meetings and jointly supervise student projects. The total income of each KTP is REF returnable and an academic participating in KTP will receive 25% of the indirect costs into their discretionary fund. This funding is drawn down on a pro-rata basis as the project progresses and transferred to your own School account.
One of the key drivers for academic researchers is proving the impact of their research activity, and KTP is one of the best mechanisms to demonstrate this. Each KTP project is centred around a specific company project that is intended to bring new knowledge and expertise to an organisation. Individual projects are scoped and agreed with the company partner and we encourage the academic team (and their Research Centre) to identify a wide range of opportunities in which to embed new knowledge.
The KTP has enabled us to build a strong relationship with Add Energy which has resulted in several further spin-off collaborations.
The KTP has enabled us to build a strong relationship with Add Energy which has resulted in several further spin-off collaborations. Our product life cycle experience has been extended from applied research into product development and deployment to business customers. We have been granted privileged access into the commercial energy sector, which would not have been possible without the KTP experience.