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How should I handle situations in which my outside interests could conflict with University interests in competing for external research funds?

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How should I handle situations in which my outside interests could conflict with University interests in competing for external research funds?

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Various R&D funding opportunities are available to both academic and private commercial entities and this sometimes creates challenges. As an example, if you are involved in a company whose business domain overlaps your academic field of research, both the company and your research program could apply and compete for the same R&D funding. A good way to balance your primary responsibility to the University with your private interest, and the Universitys encouragement of your outside business activity, is to distinguish between the different missions of the entities involved. If the R&D opportunity is primarily in research suitable for participation by students and contributing to their education, pursuing the opportunity as a University research proposal is most appropriate. If the opportunity lies more with developing existing knowledge toward commercial products, it is less suitable for student involvement and not as close to the scholarly research of academia. Often, the opportunity

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