Following a major review the Technology Strategy Board—an executive non-departmental public body established by the UK Government in 2007—is to refocus the work of its Knowledge Transfer Networks (KTN). The aim of the networks is bring together interested parties from business, universities and research organisations to stimulate innovation through knowledge exchange.
KTNs engage with trade associations, technology providers, research councils, Regional Development Agencies and the Devolved Administrations to deliver benefits to businesses of all sizes.
The comprehensive review, which obtained views from 2,100 KTN users and R&D intensive businesses, strongly confirmed the value of the networks. Seventy-five percent of business respondents rated KTN services as effective or highly effective. Over 50 percent have developed, or are developing, new R&D or commercial relationships with people met through a KTN and 25 percent have made changes to their innovation activities as a result of their engagement.
The changes that have resulted from this consultation will see a revision of the coverage of business and technology sectors, creating a more targeted, comprehensive and accessible range of network resources to help accelerate innovation.