What are the benefits of a KTP?
The organisation has access to the expertise and support to address a business critical issue in a cost effective manner.
KTPs can make a real impact, applying research expertise to real problems faced by organisations. They can also feed into research and teaching materials across the University, and their outcomes can form the basis of case studies which count towards the REF. The KTP experience also provides excellent support material for research grant applications.
The KTP also provides an income stream for your department or school, buying half a day per week of your time, and some of the project budget covers travel and consumable costs.
So, how does a KTP differ from Research Council funding?
The KTP scheme has been around for 35 years, starting off as the Teaching Company Scheme, it has a well-established framework. Nationally, the KTP programme has an 80% success rate and you can apply for KTP funding at any time.
How much funding would my partner organisation get?
That depends on the size of the organisation and the length of project, but the KTP team will cost the project and provide the partner organisation with an accurate contribution figure. Typically, the government contribution ranges from 40% to 67%.
What level of commitment will actually be required of me on a KTP project?
Initially, you will need to work closely with the KTP team and your partner organisation to develop the grant application. If successful, you will be involved in the recruitment of a graduate – the KTP Associate – for the project and supervise them for the duration of the project which equates to half a day per week, structured to suit the project.