Peacocks Medical Group Knowledge Transfer Partnership William Taylor Company Background • Founded in 1903 as a supplier of surgical knives • Expanded into other medical areas as a consequence of WWI • Now a manufacturer and supplier of a wide range of orthoses • Looking to become a leading innovator of the field In Confidence | Peacocks Medical Group 2 Why a Knowledge Transfer Partnership? • R&D expansion requires new techniques and skills • KTP offers lower risk & lower cost • Academic Partner to enable introduction of new direction • Upskilling of existing company staff • Embedding of a new capability • Grant scheme lowers cost making taking a risk more viable In Confidence | Peacocks Medical Group 3 Project’s Achievements • Main project indicates outcomes including IP, academic publications as well as a new product • New technological capabilities spawned a number of other projects • New facilities and new staff • Delivery of a business case for Peacocks. KTP’s typically lead to an increase in profit before tax of £240,000 per annum. In Confidence | Peacocks Medical Group 4 Future Collaborations • New capabilities – New opportunities • Electronics “experiment” successful • Removes risk factor so future recruitment more likely In Confidence | Peacocks Medical Group 5 KTP Support • Academic supervisor providing technical skills & knowledge • Access to University facilities • KTP supervisor mediator between partners and draws focus to areas needing attention • KTP Unit provides full project management support – freeing-up the academic, company and associate’s time to concentrate on delivering the project objectives. In Confidence | Peacocks Medical Group 6 Thank you for listening Any questions? [email protected] [email protected] KTP Manager, Newcastle University In Confidence | Peacocks Medical Group 7
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