Knowledge Transfer Partnerships (KTPs) are collaborative projects between businesses and academic institutions that last 2-3 years. They involve employing a recent graduate or postgraduate to work on an innovative project that benefits the business. The business gains access to new skills and knowledge, while the associate gains career development. There are over 700 active KTPs across the UK each year. Case studies show that KTPs help businesses increase profits, develop new products faster, and gain competitive advantages through embedded skills and knowledge. They also benefit the academic partners through impacting research and teaching.