Your application must be for a specific, strategic innovation project that tackles one or more challenges faced by the business partner. It can be any kind of project but it must show:
- That it helps the business with a real need
- How it fits the strategic aims of the business partner
- There is a genuine market opportunity and route to market
- How the knowledge gained will be embedded within the business partner
- The commercial impact for the business partner, and any wider impacts
- That you have a clear understanding of what qualifications, skills, attributes and experience the associate will need
The knowledge base partner and the business partner must sign a joint commitment statement.
This award is provided on a non-aid basis. This means the knowledge base partner must publish or make openly available, on a non-selective basis, all project outputs. If the business partner decides to commercially exploit the project outputs, it can only do so with no selective advantage.
Innovate UK is unable to award grant funding to organisations meeting the condition known as undertakings in difficulty (UID). However, as per the amendment on 2 July 2020 to the General Block Exemption regulation, they will provide funding to organisations that can prove they were not a UID on the date of 31 December 2019 but became a UID between 1 January 2020 and 30 June 2021. You will be asked for evidence of this.
Each KTP is a partnership between the following:
- A knowledge base, which will be the lead organisation and submit the application
- A UK-registered business or not-for-profit organisation
Your project can last between 12 and 36 months, depending on the project requirements.
KTP does not support projects with public sector organisations.
Knowledge base partner
Each application must be created by a knowledge base, working with a business partner, with the help of a knowledge transfer adviser.
The knowledge base partner must lead the project and must:
- Be a UK-registered higher education (HE) or further education (FE) institution, RTO or Catapult
- Invite one UK-registered business of any size or not-for-profit organisation into the Innovation Funding Service
- Invite one knowledge transfer adviser
- Not act in any way to gain selective commercial or economic advantage from the outputs of the project
- Recruit associate roles in a demonstrably open and fair manner
- Allow associates to carry out the majority of the project at the business partner’s premises
- Make sure the application is completed and submitted before the competition closes
- Provide academic support for the associate
The knowledge base partner cannot work alone.
Your business partner must be invited into the Innovation Funding Service by the knowledge base partner to collaborate on a project. When the business partner accepts their invitation, they will need to:
- Login or create an account
- Enter estimates of their own project costs, which may be updated as part of the final reporting process
Business partners can work with a knowledge base of their choice. Innovate UK encourage business partners to approach knowledge bases directly.
To collaborate with the knowledge base, the business partner must:
- Be a UK-registered business, of any size, or a not-for-profit organisation
- Have more than two employees
- Demonstrate its ability to financially support its contribution to the project
- Be invited by the knowledge base partner and complete its parts of the application
- Provide a summary of their financial accounts from the past three years
- Provide supervisory support for the associate
- Host the associate
The definition KTP uses for ‘not-for-profit organisation’ includes social enterprises and charities.
Innovate UK use the term ‘business partner’ for both businesses and not-for-profit organisations.
Subcontractors are not allowed in this competition.
Innovate UK will consider partially funding project costs of any amount if they judge the costs to be appropriate. Typically, projects cost about £75,000 per year.
Innovate UK are not funding:
- Projects which are classed as state aid
- Undertakings which gain a selective economic or commercial advantage from the funding
- Research projects
- Projects that are not strategic for the business partner
- Projects that work with public sector organisations
- Projects that do not demonstrate a genuine market opportunity
Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.
Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.
We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.