Posted December 16, 2022 by Tiffany Lee
Effective Jan. 30, 2023, the National Science Foundation is amending its definition of “significant financial interest” to include “venture or other capital financing.” This new definition, on page IX-1 of the updated Proposal and Award Policies and Procedures Guide, means that faculty with NSF funding who also have equity and/or an ownership interest in a non-publicly traded company may be required to disclose additional information about the investors in the non-publicly traded company.
The requirement to disclose will depend on whether the financial interest in the company or the company’s activities reasonably appear to be affected by NSF funding or proposed NSF funding.
Research Compliance Services is monitoring these changes and will be reaching out directly to faculty who may be impacted by these new requirements. Additionally, RCS is working to update internal University of Nebraska-Lincoln documents, including the annual conflicts of interest/conflicts of commitment disclosure form in NuRamp, as appropriate.
For more information, please contact Research Compliance Services Conflict of Interest staff.