Transcript Slide 1

BASME: Innovating
to Get Noticed
15th October 2014
Facilitating Innovation Through Collaboration
Case Study
Scientifc Vacuum Systems Ltd
&
Loughborough University
Overcoming Barriers to Innovation
Partnership Structure & Criteria
•Intellectually
demanding
• Challenging
• Innovative
•Strategic
•High impact
•Clear Knowledge Transfer
KTP’s by Subject Area
Design (5%)
Other (14%)
Engineering
(34%)
Sciences
(15%)
Computing
(14%)
Management
(18%)
Data from 2010/11 Annual Report
Project Features
Project length - 6 months to 3 years
Associates recruited by KB and Business partners
Employed by KB partner
Project located at business premises with
company supervisor
KB Supervisor spends ~ half day
per week at company premises
Project Budget
Annual budget ~£65k, includes:
- Associate employment costs (£27,000-£35,000)
- 10% of Academic’s time (£variable)
- Training (£2,000), T&S (£2,250*) &
mconsumables (£1,500*)
*can request more
- Contribution to KB overheads (£variable)
Small & medium companies receive 67% grant
Large companies receive 50% grant
Business Benefits
Long-term,
strategic
relationship with
KB partner
Recruitment
Transfer of
Embedding
of the ‘right’
people
knowledge/
expertise
of innovation
culture
Business Benefits
Benefits per Associate project:
(cost ~£130,000)
Increase in annual profit before tax
~ £285,000
Investment in plant and machinery
~ £145,000
New jobs created
3
Company staff trained
14
New research projects initiated
3
Commercial benefits from
Intellectual Property
~26%
Knowledge Base Benefits
• Income
• Published papers
• Teaching materials, case studies and projects
• New research themes – commercial relevance
• Staff development – commercial awareness
• Higher degree registrations
• Graduate career opportunities
• Exploitation of Intellectual Property developed during project
• Strategic relationship with company
Associate Benefits
Employment within academic discipline
Fast-track career development
Competitive salary
Opportunity for higher degree
Management training
For ~70% of Associates: permanent job
with company partner
The Process
Prepare Expression
of Interest (EOI) for
submission to KTP
Adviser to identify
potential sponsors
Prepare application
with guidance from
KTP Adviser
Application assessed
by Partnership
Approval Group (PAG)
Proposal funded –
continued input from
KTP Adviser
Application approval rate ~90%
Contact us
KTP Adviser:
Jon Dean
KTP Programme Office
t: 07825 346 290
e: [email protected]
t: 0300 321 4357
e: [email protected]
w: www.ktponline.org.uk
Thankyou
www.ktponline.org.uk