Innovation is an aspect of development most companies are struggling with, as it needs time and resources to attain. Innovate UK, through the Knowledge Transfer Partnership (KTP), allows UK companies to access resources such as experience in the innovation domain, partnerships with universities and funding. It helps these companies develop in new fields, or reinforce their grip on their main sectors of activities by encouraging innovation and competition. The process involves a graduate student joining their teams, with the aim of conducting the research under supervision of a university. On the other hand, students applying for these KTPs are offered an opportunity which will increase their professional experience and network, while allowing them to continue their studies in higher education. It also benefits universities in the process by bringing a close insight of the business world, allowing them to adapt their vision on the outcome of their educational programs.
Omega Security Systems is on board with one of these partnerships, with the aim of developing new technologies that will fit into our existing product portfolio. It would also allow the company to extend the customer reach to new sectors, deriving from the research outcomes.