How do mKTPs offer support?
mKTPs seek to support strategic management projects across the business, for example:
- Alternative business models/business agility
- Identifying new opportunities and revenue streams
- Entrepreneurial thinking and ambidexterity
- Benchmarking, best practice, data analysis, KPIs
- Business scale-up practices/value creation
- Organisational/behavioural/cultural change management
- Succession/continuity planning/coaching and mentoring
- Improving efficiency, business processes, and productivity
- Remote working practices/new supply chains
- Executive leadership, strategic thinking, and decision making
- Business process improvement and professionalisation.
What does an mKTP cost?
The cost of an mKTP is shared by you and Innovate UK, who contribute 50-67% of the total project cost. You make a cash contribution for the remaining project cost, with a small-to-medium business contributing 33% and a large business 50% per annum.