SME project rated outstanding by Innovate UK
RS Hydro and the University of Birmingham are celebrating after their recent Knowledge Transfer Partnership (KTP) project was rated ‘outstanding’ by the government body that oversees the scheme, Innovate UK. The rating follows on from previous awards success, whereby project researcher Kieran Khamis was named ‘Business Leader of the Future’ at the KTP Best of the Best awards in November 2015.
Established in order to research and develop monitoring of water quality in real time, the project ran for over two years and was able to develop a sensor platform which is anticipated to bring a significant increase in profits for RS Hydro. The company was able to draw on expertise held within the department of Geography, Earth and Environmental Sciences, specifically that of Professor David Hannah and Dr Chris Bradley.
Launched in 1975, Knowledge Transfer Partnerships are collaborative projects between a company, a recent graduate and a research organisation. The graduate is employed to work on a project, with Innovate UK making a significant contribution towards their salary, travel and subsistence, consumable and personal development costs. A recent survey stated that companies involved in KTP enjoy an average increase of over £1m in annual pre-tax profits. If you are interested in finding out more please contact: firstname.lastname@example.org.