Knowledge Transfer Partnerships (KTPs) allow companies to benefit from the skills of recent high-quality graduates.
Last month (MAY), the University was awarded an unprecedented seven KTPs, securing its top position in the West Midlands. This also brings it to 4th place nationally for the number of KTPs it runs.
Marc Fleetham, the University’s Knowledge Transfer Partnerships Manager, said: “During these difficult economic times it is extremely rewarding to see so many regional companies win government funding for their Knowledge Transfer Projects.
“The demand for high-quality graduates working on innovative projects in the area has never been higher.”
He said winning seven Knowledge Transfer Partnerships in one month was unprecedented and he was extremely pleased with the achievement.
“This is a great endorsement to the innovative organisations that partner us and the high standard of academic collaboration which exists at the University of Wolverhampton," he said.
The University was awarded KTP associate programmes for two engineering projects – at Rubbernek Fittings Ltd in Walsall and Hadley Industries in Smethwick.
Creativity International in Brierley Hill will have two Associate KTPs – one for IT and one for art and design. There are also IT projects for Mackwell Electronics in Aldridge and Tyretraders Ltd in Wednesbury, as well as an art and design project for Fabritect in Warrington.
Mr Fleetham congratulated his team and the academic staff they have worked with for ensuring the University continues to be successful in this area.
Knowledge Transfer Partnerships are designed to encourage collaboration between universities and organisations and help improve the profitability and competitiveness of UK companies.
On average nationally, businesses can expect:
- to increase annual profits by around £227,000 before tax
- an increase in overall value of the company (52% reported this)
- increased overall sales (62% reported this)
For more information please contact Emma Kilvert in the press office on 01902 322003.