University awarded £24.3 million for Knowledge Transfer
The University of Wolverhampton has been awarded £24.3
million for a recession-busting initiative to help
The cash injection will increase Knowledge Transfer Partnerships (KTP) within the
region. Wolverhampton is already top in the Midlands for the
scheme, and second nationally.
Thanks to funding from Advantage West Midlands, the European
Regional Development Fund and the Technology Strategy Board,
universities from across the region will work with companies on
projects which will increase their competitiveness, productivity,
performance and ultimately safeguard jobs.
Wolverhampton will lead a consortium of all 12 of the regional
universities to increase the number of partnerships from 70 to 210
over the next three years.
Knowledge Transfer Partnerships last between 12 and 36 months
and involve the forming of a partnership between a company and an
academic institute, enabling access to the skills and expertise
A graduate is recruited who will work at the company on a
project central to the company’s development, supported by an
academic mentor. Participating companies will also have access to
all resources available at the university.
Dr Alan J Collins, Director of Business Development and
Enterprise at the University of Wolverhampton Competitiveness
Centre, which administers the Classic Knowledge Transfer
Partnership in the West Midlands, said: “The funding available
through the West Midlands Knowledge Transfer Partnership Programme
will enable the number of companies engaging with the programme to
increase from the present level of seventy to more than 200 at any
Regional KTP Manager Marc Fleetham said: “The scheme could not
have come at a better time as companies are facing tough times
ahead due to the global credit crunch.
“We are delighted to have been awarded the funding to develop
the number of KTPs within the region. The skills and expertise
within West Midlands universities are key to future development of
the region and I would actively encourage companies to get in touch
with their local university to find out how they could benefit from
Any companies who want to find out more should call 0800 068
For media inquiries please contact Emma Kilvert in the Media
Relations Office on 01902 322003.
Date issued: Monday 14 September 2009