Partnering with Industry
It’s very simple – KTP delivers knowledge and expertise that is tailored to an individual company’s specific needs. While essentially providing access to academic knowledge, KTP offers much more. In addition to gaining the specific knowledge that a company requires, we recruit a graduate to work specifically on the task of bringing a new capability into the business and ensuring that it is fully embedded and works for everyone in the organisation.
In addition, each KTP has a package of funding available for the graduate that provides job-specific training, development and travel.
Recruitment of a graduate
Here at Salford, we work hard to ensure that we recruit the right graduate for the job in your company. For all KTP projects, the graduate is employed by the University but contracted to work in your company, under your basic terms and conditions including holidays and hours of work.
Once your KTP has been approved for funding, we work with you to draw up a suitable employee specification and job description which is then widely advertised. Shortlisting and interviewing of candidates is carried out jointly, and interviews are held on the company premises.
Costs and Eligibility
KTP is available to a wide range of businesses and organisations. From manufacturing to design, sustainability to marketing, we can work with companies in most sectors including microbusinesses to large enterprises. Here at Salford, we are always keen to talk to new organisations with new ideas and novel approaches.
The basic cost to an SME is around £27,500 (33% of the total grant) per year. For a large company, this will be around £42,000 (50% of the total grant) per year. Projects typically last around 2 years
Management Knowledge Transfer Partnerships
A Management Knowledge Transfer Partnership (MKTP) is a new programme from Innovate UK which has been developed to enable businesses to work with University business schools to help improve productivity by embracing new approaches to management practices.
MKTPs create a dynamic 3-way partnership between a company, a team of dynamic experts and a graduate. They work by improving business performance through boosting management capability and driving competitiveness and productivity through better use of knowledge, technology and skills. MKTPs run alongside our successful Knowledge Transfer Partnerships (KTP) programme, which serves to meet a core strategic need of an organisation to identify and deliver an innovative project that will bring about lasting change.
Key features of an MKTP include:
- Addressing a management focused business challenge
- Embedding a management strategy within the organisation
- Adoption of a wide range of management practices and techniques (target setting, effective monitoring, incentives and operations)
- A strategic change in company culture is key
Updates and changes
- £14m is available over the next 12 months to support 100 MKTPs.
- A broadening of the criteria for MKTPs from BEIS makes the offering more flexible for businesses.
In addition to the above, three main developments have been announced:
- Widening the academic pool: At the time of launch, MKTPs were only available to partnerships in which the University Lead Academic was from a business school. This is no longer an essential requirement and instead, academics from other schools, with demonstrable relevant and substantial business change management experience and/or expertise from any school can be Lead Academic (e.g. supply chain expertise). The Lead Academic must be able to evidence the application of contemporary and relevant theories and practices to bring about successful strategic and cultural change in your organisation.
- Strategic Change Management - To improve productivity, resilience and sustainability resulting from the adoption of transformative technology: The technology being implemented has to be transformative for your business as a whole, thereby affecting, for example, most or all functions. For effective implementation, alongside technology deployment there is a need for change management throughout the business – from senior management to all employees (and stakeholders). The scope is also broadened to consider post Covid-19 resilience strategies.
- Size of company partner: Originally, MKTPs were only available to SMEs. We are now looking to support companies of up to 500 FTEs and also to include companies that may be part of a larger group. By enabling subsidiary companies to participate in MKTPs, productivity, resilience and sustainability will be enhanced, jobs will be safeguarded, and local economies and communities will be supported.
Working with the University of Salford has developed a new product, strengthened its R&D processes and now has a well-established software process.
This successful KTP has enabled Add Latent to consolidate its new in-house innovation and software development capability. Working with the University of Salford has developed a new product, strengthened its R&D processes and now has a well-established software process. This has meant that we have been able to diversify into new markets.