Managing Conflicts of Interest

When a startup includes one or more University of Illinois faculty members or other University employees, conflict of interest should be addressed. Depending on the circumstances, a conflict-of-interest management plan may be needed.

This plan outlines the relationship between your activities with the company and your research and teaching responsibilities. The plan identifies and mitigates possible areas of conflict, such as those related to conflict of commitment and/or conflict of interest, as well as prepares for disclosure and management of these conflicts. 

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Conflict of Interest Responsibilities

• Obtain prior written approval to engage in non-University income generating activities.

• Disclose such activities annually, whenever a substantial change occurs, or when required by granting agencies.

• Refrain from spending so much time on external activities that they interfere with your University responsibilities.

• Refrain from advancing your own interest or the interest of family members to the detriment of the University’s interest.

• Disclose involvement of University students or employees in your external activities.

• Work with the department head to identify and evaluate potential conflicts, and manage or eliminate them.

To learn more or to initiate a conflict-of-interest management plan, visit the OVCRI’s site on conflict of interest & commitment.