The Economic and Social Research Council (ESRC) is looking to invest up to £500k to establish new Knowledge Transfer Partnerships (KTPs) to stimulate innovation in the UK retail sector. KTPs are part funded academic work placements in business.
This funding seeks proposals that will help retail managers address the major economic, social and environmental challenges that they face, leading to new opportunities and tangible outcomes for business. Do you have ideas but lack the funding to progress them?
This targeted call, which is being run by the Technology Strategy Board (TSB) on behalf of the ESRC, offers retailers the chance to work in partnership with the UK’s worldleading social and economic scientists, to access skills, knowledge and technology and address sectoral challenges, helping to improve competitiveness, productivity and performance. Through this investment the TSB aims to:
- increase knowledge exchange between retailers and social scientists
- develop a greater understanding of the changing nature of the UK High Street and retail spaces, to drive growth, innovation and efficiency within the sector
- stimulate and support innovations in e-commerce, m-commerce and omni-commerce, to maintain and strengthen the UK’s position as a global leader in internet retailing
- promote and enable innovations in the use of ‘big data,’ providing insights into consumer behaviour, increasing efficiency and growth within the retail sector.
The ESRC will part-fund KTPs. Deadline for applications is noon on 21 August 2013, read more here.