Funding boost for university initiative
A new multi-million pound package of funding for Knowledge Transfer Partnerships between universities and businesses will be a significant boost to the Northern Ireland economy, it has been announced.
Some £13m will be injected into the Knowledge Transfer Partnership (KTP) programme over the next five years.
The UK-wide initiative supports businesses that want to improve their competitiveness, productivity and performance by helping them to access the knowledge and expertise available within local universities and further educational colleges.
The University of Ulster is one of the main providers of KTPs in Northern Ireland and is ranked in the top 10 of UK knowledge transfer performers out of a total of 156 institutions.
The UU has been involved in over 200 KTPs in various industrial sectors throughout the province including engineering, food, manufacturing and service.
Invest Northern Ireland will contribute £7.2m of funding over the next five years, with additional input from the Technology Strategy Board, a business-led government body and other KTP sponsors.