On November 9th, Innovate UK announced an additional £30million of funding for Knowledge Transfer Partnerships (KTPs); a government backed scheme which connects businesses across the UK with an academic or research organisation (such as a university), along with a qualified graduate.
There are currently 630 graduates and post-doctoral researchers employed in KTPs branching across industrial research and development and entrepreneurial roles, and the additional funding means this will be able to expand significantly.
The announcement referenced the success story of Ella’s Kitchen; a multi-national baby food company who have had three projects with University of Reading, and maintain an ongoing relationship with the Knowledge Transfer Centre and UoR Academics.
The announcement of additional funding is an extremely exciting one, and even more so with a mention of the successful projects of University of Reading.
The full announcement can be read here: https://www.gov.uk/government/news/30-million-for-business-and-graduate-partnerships