Renown’s KTP Featured on Government Website
The article analyses how North East manufacturing companies have used partnerships with local universities to take on KTP’s (Knowledge Transfer Partnerships), and how the programme has helped improve their businesses.
Knowledge Transfer Partnerships is a government-funded UK-wide programme from government organisation, Innovate UK. For the past 40 years, the scheme has encouraged collaboration between businesses and universities.
The university employs a recent graduate to work on a specific project for a company. This can last between 12 and 36 months depending on the nature of the project and company requirements. The graduate will lead the project and will provide up-to-date research-based expertise to drive the business forward.
Results from KTP’s have always been positive. They are able to contribute to a company’s success through innovation programmes that use knowledge, technology, and skills learned at university to improve a business’s competitiveness and productivity. These improvements typically directly result in increased profits for the partnered business.
The KTP featured is the 3rd of its kind for Renown Group. Lydia Chan from Northumbria University has been working at Renown Group’s Oil and Gas site in Washington. She has contributed to improving Renown’s prospects in the oil and gas industry by optimising the production of offshore subsea components. Lydia is seeking to improve upon the fabrication of super alloy components for offshore marine applications. The project aims to improve work flow, increase turnover and improve production rates.
Lydia has produced two high-quality papers on the project, which has advanced research knowledge in the field. The KTP is due to be completed at the end of March 2017, but Renown has offered Lydia a full-time position with the company as a Project Engineer.
You can see the full article here.