This presentation lists some important actions during the planning of a start-up company that help managing and preventing the occurrence of conflict of interests and related tensions.
Faculty and staff involvement in a start-up company (a newly-formed, privately-held, for-profit company) based on their own research and intellectual property creates opportunities for development and commercialization of inventions. However, this involvement is almost inevitably associated with conflicts of interest and commitment. Within an academic setting conflict of interest in research involves situations in which an investigator has a financial interest that may compromise, or have the appearance of compromising, professional judgment in the design, conduct, or reporting of research.
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