Project Budget Form: Investigator Initiated Research 2025

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  1. Click ‘Get Form’ to open the Project Budget Form in our editor.
  2. In Section I, enter the funding period, total budget requested, title of the project, and details of project personnel including name, organization, role, and email. Ensure all fields are accurately filled out for clarity.
  3. Proceed to Section II where you will detail personnel costs by organization. For each organization involved, input the organization name and list personnel names along with their percentage effort and 12-month salary for each fiscal year.
  4. Itemize any other direct costs and provide justification as required. Calculate total direct costs and include overhead (limited to 10% of total direct costs) for each institution.
  5. Review all entries for accuracy before saving your completed form. Utilize our platform’s features to sign or share the document as needed.

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ISTs are usually run by pharmaceutical companies, and are primarily aimed at developing new drugs that ultimately gain regulatory approval. IITs are developed by academic investigators or cooperative groups, often sparked by a clinical need.
The Principal Investigator (PI) is a faculty member or research scientist appointed by the University to conduct research. The PI has overall responsibility for safety and compliance in his or her laboratory, although the below responsibilities can be delegated to a competent designee(s) in the laboratory.
The budget should list all cost details for the year or another appropriate period of time. It should include any applicable salaries wages, fringe benefits, services, supplies, equipment, publications, travel, other direct expenses, and any facility and administrative costs.
Initiated suggests that the conception of the idea and the protocol development are led by an individual, while sponsored, often used inaccurately to describe the funding source, ing to its regulatory definition, refers to the individual or entity that assumes the regulatory responsibilities, e.g. registration,
Every research project has two budget categories: direct costs and indirect costs. The University determines a set percentage for the indirect costs of funded research.