If you are new to IM shorter KTP, an outline of the programme can be found in this short overview. Furthermore, we would welcome the opportunity to have an informal discussion with you about how the programme could help your business. Please contact Lorcan Mac Manus for an informal discussion on 01483 565252.
IM-sKTP are designed to take a company's research to the next level. The duration of the project can be 3, 4, 5 or 6 months (i.e. 13, 17, 22 or 26 weeks). The company pays between 40% and 60% of the project costs, with the remainder being covered by a grant from the Engineering and Physical Sciences Research Council or the Technology Strategy Board. Large companies (i.e. those with over 250 employees) pay £5,640, £6,720, £7,800 or £8,880 depending on the length of the project. Small companies (i.e. under 250 employees) pay £3,760, £4,480, £5,200 or £5,920. In addition, companies will be expected to cover the cost of any travel and subsistence incurred by the student in relation to the project.
Please note that IM-sKTP is not a seed funding programme. Financial eligibility requirements include providing evidence of the ability to afford the project and to show sufficient shareholder commitment or financial strength to make use of the outcomes of the project. If your company is a pre-revenue start-up, you should have at least a few full time employees, a company premises and a reasonable six figure level of shareholder funds. If you are currently revenue generating, you should be able to show increasing sales and profits over the past three years or be able to adequately explain why this is not the case.
When you are ready to take the next steps, please see our pages on Forming a partnership.
Academics can become involved in sKTP in a number of ways.
- Encourage a company with which you have an involvement to apply for sKTP. If you know of a company that might benefit, please encourage them to work through the process, or contact us for an informal discussion.
- Contact your University's KTP office to discuss your ideas. They may know of suitable companies with whom you could form a partnership.
- Encourage your PhD students to register for opportunities.