Knowledge Transfer Partnerships (KTP) in Medtech Development
- Published on Wednesday, 26 April 2017 06:00
The University of Strathclyde has an enviable record of experience in Knowledge Transfer Partnerships (KTPs). During Engage with Strathclyde Week in early May 2017, there's a suite of events with a focus on biomedical engineering project successes and how your company can benefit from their know-how.
Statistics show that businesses achieve an average increase in annual profit of >£1m after taking part in the Innovate UK funded Knowledge Transfer Partnership (KTP) scheme. With 94% of completed projects achieving or exceeding expectations between 2011 and 2016 and an £8 return for every £1 of public money invested, it is perhaps not surprising that the programme has enjoyed over 40 years of history in the UK and has funded in excess of 10,000 projects in that time.
The University of Strathclyde’s Department of Biomedical Engineering (BME) has developed a great deal of experience in working with companies through KTPs in recent years, and is keen to share this experience with you. The University as a whole is consistently in the top 5 in the UK and no. 1 in Scotland with regard to numbers of KTP projects.
BME is holding a KTP promotional event at the Technology and Innovation Centre in central Glasgow on Wednesday 3 May, 2-4pm. The event is targeted at medical technology companies, large and small, interested in developing innovative new technologies, products, processes or services by drawing on academic support from BME in Strathclyde.
The KTP scheme involves an “Associate” (a university graduate employed by the University) working on a company project under the direction of an academic supervisor and a company supervisor. Project lengths are 12-36 months. Since projects are company inspired and take place predominantly on company premises, the role of the company supervisor is very important. The academic supervisor dedicates up to a half day per week to each project.
Come and learn about the benefits of KTP projects from companies who have had first-hand experience of working with Strathclyde’s biomedical engineers. Attendees will also hear from the West of Scotland KTP Centre that has an outstanding track record when it comes to securing funding for projects. While the UK success rate for funding approval is often 85%, or more, those projects routed through the West of Scotland KTP Centre are typically even higher.
This event is part of a suite of three BME events being presented as part of Engage with Strathclyde on 2-5 May 2017. The other two are:
- Future Technologies for Stroke Rehabilitation - 2 May, 2-4pm
- 3D Printing for Medical Technologies - 3 May, 10-1pm
For further information and registration details for the, “KTP in Medtech Development” event click here.
Look-out for more posts from Engage with Strathclyde participants on the Glasgow City of Science and Innovation Blog and follow them on Twitter @EngageStrath
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