Conflict of Interest FAQs
Federal regulations require that all persons who are involved in the design, conduct, or reporting of research must complete an annual COI disclosure. Federal regulations requirements also mandate that faculty, staff and students who are key personnel on research protocols involving the use of human subjects, animals, or biohazardous materials in research also be screened for potential COIs, NJIT requires the completion of this information each time a research proposal is submitted for external funding.
You must report all personal financial interests from external sources, including travel. This would include any interest in a company, business, foundation or other organization that:
A "financial interest" is any monetary value that belongs to you, your spouse or partner, or your dependent children. The financial interest becomes "significant" if it meets ANY of the following conditions:
Please note that the U.S. Public Health Service (PHS) and its agencies define a "significant" financial interest (SFI) at a lower level than do other federal agencies, such as the National Science Foundation, and the university’s longstanding level of $10,000 described above.
Specifically, if you have worked on PHS funded research in the past year, or expect to work on PHS-funded projects this year, a financial interest becomes “significant” if it meets ANY of the following conditions:
PHS agencies include the National Institutes of Health (NIH), Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), Indian Health Service (IHS), Health Resources and Services Administration (HRSA), Substance Abuse and Mental Health Services Administration (SAMHSA), Agency for Healthcare Research and Quality (AHRQ), Centers for Medicare & Medicaid Services (CMS), Administration for Children and Families (ACF), or Administration on Aging (AOA).
Federal regulations and university policy do not require you to disclose the following types of financial interests:
Faculty, staff, and students are required to disclose the occurrence of any reimbursed or sponsored travel paid for directly or reimbursed by an external entity.
However, this disclosure requirement does not apply to:
For research purposes, if it is determined that a significant financial conflict of interest exists that may directly and significantly affect the design, conduct or reporting of a specific research project, then the case will be reviewed by the Vice Provost for Research.
NJIT uses the Citi Training programs.
Financial conflicts of interest disclosures made for research purposes will be reviewed by the Executive Director, Sponsored Research Programs Administration, for compliance with applicable regulations. Determination that a conflict exists will require the PI to work with the Chair and Dean to provide a mitigation plan that will be reviewed and approved by the Executive Director, Sponsored Research Programs Administration.