A Knowledge Transfer Partnership (KTP) is a three-way partnership between a university, a company and a high calibre graduate.
Projects typically last six months to three years, and are designed to help a company solve strategic problems. The graduate is based at the company full-time and is jointly supervised by the company and a university academic, who typically spends half a day per week at the company.
The scheme is sponsored by Innovate UK, Research Councils and a number of other bodies.
Projects usually focus on a problem in a key area of a company's business, such as product design or developing new management processes. KTPs are designed to enable the partnering company to gain competitive advantage - and ultimately to improve profitability.