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• Business Innovation
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• Factsheet

Business Innovation Service

The Background to the Service

Support for organisational innovation is concerned with changing and improving business processes, new products/services and new ways of working rather than just developing the skills of an individual staff member. Petroc is taking an active approach to how it develops and extends its business engagement in this challenging area.

Unlocking the ‘Knowledge in the College’

Widening Petroc’s support beyond the training arena, we are at the pilot stage working with several local businesses to develop new ways of helping them with specific business solutions.
College staff who are experienced in their profession or field, are able to work with the company’s management and their team, to assess and recommend ways to take the business forward.

Selecting from KTP, Consultancy or Supervised Student Projects

The aim of the service is to provide several levels of innovation activity. From strategic projects spanning many months or even years, aimed primarily at medium to large organisations to shorter term tactical and ‘quick-fix’ support for Small and Medium-sized Enterprises (SMEs)

All engagement should result in a specific set of positive business outcomes.

1. What is KTP?

Knowledge Transfer Partnerships (KTP) is the UK’s leading programme of directed graduate projects, helping businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within UK Colleges and Universities.

KTP is aimed at businesses with a specific project-based challenge and those with the resources to commit and ability to support a graduate.

For more details on this solution and the funding available, please refer to the separate Petroc Knowledge Transfer Partnerships leaflet

2. Delivery of Specialist Consultancy

Our aim is that businesses receive tactical, coherent and relevant support in response to critical business issues, to help them meet existing challenges and grow.

A number of Petroc staff have experience of either working in business or running their own business. We have been working with a cross-college team to enhance that existing depth of knowledge and experience with additional skills; either an ability to assess the business performance of a company, provide more in-depth specialist support, or both.
In the past eight weeks our trained staff have been working with local businesses to ‘road test’ this new service. In doing so we will help define both our capacity to deliver expertise, gauge the level of demand and the services’ pricing model.
We will build a portfolio of case studies on our website to highlight progress.

3. Supervised Student Placements

We deliver a diverse range of Foundation Degree courses, spanning Business, IT, Engineering, Science, Art, Music and Care. Each year first and second year students work on course-related projects, some of which are work place based. Local employers have benefited from these projects and you may have an appropriate piece of work or research where this approach is right for you.

Contact

• Address: Petroc, Innovation, Old Sticklepath Hill, Barnstaple, North Devon, EX31 2BQ
• Tel:  01271 852405
• Fax: 01271 338121
• Email: innovation@petroc.ac.uk
• Web: www.petroc.ac.uk/innovation

Business Innovation Service Factsheet