Welsh Government increases funding contribution for SME's in Knowledge Transfer Partnerships to 75%

Knowledge Transfer Partnerships (KTPs) are a core component of Wales’ R&D and innovation offer to businesses. The aim of this initiative is to make KTPs more accessible and cost effective for SMEs and encourage more businesses to benefit from the programme.

SME businesses are usually expected to contribute 33% of the total project costs, but eligible businesses in Wales will now only have to contribute 25%.

KTP, and the new Management KTP, help businesses improve their competitiveness, productivity and performance through better use of knowledge, technology and skills by developing a partnership with a university, college or Catapult center.  Partnerships jointly develop the proposal to address a specific business need and must submit their proposal for assessment between 1st September 2020 and 12 noon on Wednesday 3rd February 2021.  Only applications received during this time will be eligible for this funding.

More information

https://www.ktp-uk.org/case-study/welsh-government-increases-funding-contribution-for-knowledge-transfer-partnerships-to-75/

 

Posted on: Monday 24th August 2020