KTP was launched in 2003, replacing the Teaching Company Scheme (TCS), which had been formed in 1975.
The programme is funded by some 17 public sector organisations, and led by Innovate UK, an executive non-departmental public body reporting to the Department for Business, Energy & Industrial Strategy.
[1] The aims of each KTP programme are to facilitate the transfer of knowledge and technology and the spread of technical and business skills to the company, stimulate and enhance business-relevant research and training undertaken by the knowledge base, and enhance the business and specialist skills of a recently qualified graduate.
Potential KTP associates (recently qualified graduates, generally with a masters or doctoral level qualification) can search and apply for vacancies on the KTP website.
[4] Associates benefit from generous travel and personal development budgets, as well as receiving additional training in business and project management.