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Facilitating Innovation Through Collaboration

BASME: Innovating to Get Noticed 15 th October 2014. Facilitating Innovation Through Collaboration. Case Study. Scientifc Vacuum Systems Ltd & Loughborough University. Overcoming Barriers to Innovation. Partnership Structure & Criteria. Intellectually demanding. Challenging

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Facilitating Innovation Through Collaboration

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  1. BASME: Innovating to Get Noticed 15th October 2014 Facilitating Innovation Through Collaboration

  2. Case Study Scientifc Vacuum Systems Ltd & Loughborough University

  3. Overcoming Barriers to Innovation

  4. Partnership Structure & Criteria • Intellectually demanding • Challenging • Innovative • Strategic • High impact • Clear Knowledge Transfer

  5. KTP’s by Subject Area Design(5%) Other(14%) Engineering (34%) Sciences (15%) Management (18%) Computing(14%) Data from 2010/11 Annual Report

  6. 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

  7. 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

  8. Business Benefits Long-term, strategic relationship with KB partner Recruitmentof the ‘right’ people Transferof knowledge/ expertise Embeddingof innovation culture

  9. Business Benefits Increase in annual profit before tax Investment in plant and machinery New jobs created Company staff trained New research projects initiated Commercial benefits from Intellectual Property Benefits per Associate project: (cost ~£130,000) ~ £285,000 ~ £145,000 3 14 3 ~26%

  10. 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

  11. 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

  12. 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%

  13. Contact us Jon Dean KTP Programme Office t: 07825 346 290 e: jondean@cantab.net t: 0300 321 4357 e: ktp_help@tsb.gov.uk w: www.ktponline.org.uk KTP Adviser:

  14. Thankyou www.ktponline.org.uk

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