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Promoting Innovation

Knowledge Transfer Partnerships

In order for our businesses to improve their competitiveness and productivity, high-calibre graduates and academics from our county are partnered up with businesses looking for expertise in certain fields to help foster growth and innovation.

This scheme is proven to significantly increase the profitability of businesses involved with studies demonstrating an average increase of over £240,000 in annual pre-tax profits. Up to 67% of this scheme can be funded by the government, providing a cost effective way of accessing Devon’s world class knowledge base.

Four of our higher education institutions – The University of Exeter , Plymouth University , Petroc , South Devon College – and some of the county’s leading businesses have joined forces with each other, creating award winning partnerships.

Click here for examples of the many successful Knowledge Transfer Partnerships in our county.