This document discusses Knowledge Transfer Partnerships (KTPs) from an academic perspective. It summarizes a 2013 review by Sir Andrew Witty on universities' potential to enhance economic growth through engagement in their third mission of enterprise activities alongside teaching and research. The document outlines different academic enterprise activities universities can engage in, including KTPs, and notes that over 600 KTPs are currently active, with about 75% involving small and medium enterprises. It discusses challenges for SMEs and startups partnering with universities but also opportunities it provides for early innovation, knowledge sharing, and enriching universities' teaching and research missions.