Discover the Enhanced KTP Grant rate for Welsh SMEs & Charities

Welsh SMEs and charities recently received good news as Welsh Government extended the 75% KTP grant rate until March 2025. Find out how this extension could benefit your organisation.

Our Research and Innovation Services team, with colleagues from Cardiff Met’s School of Technologies, showcased their work at Wales Tech Week last October. The event unveiled the Innovate UK Collaborative Innovation Plan for Wales, a joint report by Welsh Government and Innovate UK aimed at fostering a culture of innovation in Wales.?

As a commitment to exploiting innovation opportunities, Innovate UK KTN and Welsh Government have worked in collaboration and connected over 4,000 individuals with events and organisations within Wales in 2022 -23. As part of their portfolio, Innovate UK KTN provides on-the-ground local support, jointly funded with Welsh Government, for Knowledge Transfer Partnerships (KTP). The KTP programme facilitates connections between businesses with innovative ideas and research-based expertise, co-creating projects that enhance competitiveness, productivity, and performance through the strategic use of knowledge, technology, and skills.?

Recently, Welsh Government announced the extension, until March 2025, of its enhanced contribution of 75% towards the total costs of KTP projects for eligible Welsh SMEs. This reduces the usual business contribution to 25%. This reduction in cost to the business aims to encourage more businesses to participate in the KTP programme, which has seen 144 projects launched in Wales since 2010.?

Collaborating with us can help your business take a strategic step forward.?

What is a KTP??

The Knowledge Transfer Partnership (KTP) programme, running for nearly 50 years, is one of the UK's leading funded initiatives that helps businesses utilise the expertise and resources available within universities. KTPs develop a beneficial partnership between a company, university, and a graduate (Associate) who work together on a strategic project to address a knowledge gap that the company has which can be filled using University knowledge and expertise.?

How Can a KTP Benefit Your Business??

KTPs enable companies to access the resources and expertise needed for innovation, growth, and improved performance. This cost-effective programme helps organisations:?

• Access technological, scientific, or management expertise for strategic projects?
• Employ highly qualified individuals to lead new initiatives?
• Develop innovative solutions to drive business growth?
• Access specialist equipment and facilities?

How Can Cardiff Met Help You??

Working in partnership with Cardiff Met, we can support your business in taking a strategic step change.?? We can help you with:???

• Improving existing products,?
• Developing new products,??
• Streamlining manufacturing processes,??

• Implementing new business strategies,??
• Expanding into new markets.?

If your organisation requires knowledge and skills for a strategic project to foster development and growth, we’d urge you to consider a KTP with Cardiff Met. Find more information at www.cardiffmet.ac.uk/ktp?or contact the team at [email protected] for an informal discussion to check eligibility and discuss this opportunity further.??

View more case studies here: 'Innovation Case Studies'

Wales Tech Week | Innovate UK | Llywodraeth Cymru / Welsh Government | Joanne Hill | NATALIE CRAWLEY | Geraint Jones | Professor Rob Rolley MSc FIET