The core competencies assessed by RTTP are:
Strategy & business insight
Entrepreneurial leadership
Effective engagement
Legal and technical knowhow
Governance and project management
ALL successful RTTP applicants must be able to describe their skills and achievements relevant to each of these five core competencies.
DETAILED DESCRIPTION OF CORE RTTP COMPETENCIES
These core competencies have been developed in collaboration with existing national frameworks in several key countries.
Strategy & Business Insight – strategic thinking; market-led, entrepreneurial approach; business and commercial skills.
Examples of relevant skills/ experiences include:
- Identifying/ sourcing opportunities/ initiatives.
- Translating market knowledge into commercial opportunities.
- Assessing risks, undertaking due diligence.
- Formulating the vision, setting direction and securing buy-in.
- Developing the strategy and design of projects/ initiatives.
- Defining the market and business strategy and/ or the marketing cycle.
- Matching skills, experience, capacity and resources to opportunities.
Entrepreneurial Leadership – active engagement in securing funding; leading negotiations; developing new ventures.
Examples of relevant skills/ experiences include:
- Aligning funding opportunities with strategic aims and priorities.
- Identifying and securing new funding to support KE/TT projects and/ or initiatives.
- Leading, structuring and realising complex negotiation, reconciling different perspectives to achieve resolution eg conflicts with lawyers, accountants.
- Overcoming institutional issues or partner barriers through flexible, creative solution finding.
- Supporting new business formation, structures, legal frameworks, shareholder agreements and accessing investment funding.
- Developing and managing community-based or charitable projects.
- Nurturing new ventures/ projects until financial independence.
Effective Engagement – Communication, collaboration and influencing skills
Examples of relevant skills/ experiences include:
- Building new networks for University/ business collaboration.
- Researching and creative planning to identify potential partners.
- Applying the marketing mix to relevant markets/ segments.
- Finding partners, investors and collaborators.
- Informing and persuading potential partners.
- Managing effective relationships with stakeholders with different cultures or backgrounds eg contracts, milestones, deliverables, managing disputes, resolving problems.
Legal and technical knowhow – understanding the key legal, technical and domain-related issues required to effectively transfer knowledge
Examples of relevant skills/ experiences include:
- Assessing the attributes and commercial potential of IP.
- Developing an IP exploitation strategy to meet commercial needs.
- Applying different licensing and business models.
- Protecting, packaging and enforcing any IP needed for the project.
- Drafting, negotiating reviewing relevant IP licences and agreements.
- Understanding and demonstrating expertise in commercial law and finance frameworks.
- Interpreting, advising on and managing risk.
- Complying with relevant external terms and regulations including national/ international legislation and jurisdictions.
Governance and Project Management - managing projects, knowledge and information flow; developing and managing systems and processes for knowledge exchange
Examples of relevant skills/ experiences include:
- Establishing governance frameworks for multi-stakeholder projects.
- Developing, setting up and managing complex projects eg contracts, budgets, milestones, deliverables, decisions, handling information, and reporting on outcomes and successes.
- Developing, setting up and managing customer experience/ delivering or facilitating outputs.
- Developing, setting up and managing systems (including ICT systems) to handle knowledge from its creation or capture through to the completion of the objectives and ensuring that information flows efficiently to achieve KE/TT objectives.
For more details about RTTP qualifying criteria click here
Contact a member of the PraxisAuril team to find out more: rttp@praxisauril.org.uk