Innovate UK has announced an extra £30 million of funding for Knowledge Transfer Partnerships (KTPs), which connect UK businesses with an academic or research organisation and qualified graduate to work on innovation projects. This is welcome recognition of a long-standing knowledge exchange mechanism that currently benefits 630 graduates and post-doctoral researchers in a wide range of R&D and entrepreneurial roles, in businesses across industry sectors and of all sizes.
The funding comes from government’s National Productivity Investment Fund, announced in the Autumn 2016 budget, the aim of which is to help to build the pipeline of high-skilled research talent necessary for a growing innovation economy. More information can be see on the Innovate UK webpage at gov.uk.