Tens of millions for UK businesses to work with a university or research organisation and a graduate on a Knowledge Transfer Partnership.

There is up to £40 million of funding available for businesses to collaborate with an academic or research organisation and a graduate on a Knowledge Transfer Partnership.

A Knowledge Transfer Partnership can focus on any technology or industry area and last between 12 and 36 months.

Funding can help UK businesses to bring in a graduate, who will work on an innovation project. This will enable organisations to turn academic thinking into business change, support growth and future development.

Businesses should have a specific project in mind when they are applying. Applications should include information about the participants, set out the objectives of the project, explain what the project is proposing to do and outline the deliverables for the graduate.

If a business already has a relationship with a university, college or research and technology organisation they can choose to work with them, or contact the network of Knowledge Transfer Advisers to help find a partner. Advisers can also offer additional project support including with the application.

Applications for Knowledge Transfer Partnerships are open throughout the year.

Any size business or not-for-profit organisation may apply. The amount of grant a company can get for their project and their contribution will depend on the size of the business. Typically, small and medium-sized enterprises contribute around £35,000 per year, about one-third of the project costs, whereas large businesses contribute about £55,000 per year, or half of the project costs.

The deadline for applications for this round is 19 September 2018.

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