IUSB Incentives for Seeking
Research Incentive Plan | Seed Grant Program
In Academic Year 1996-97 the Research & Development Committee proposed the RIP and it was approved by the administration. The RIP provides for the redistribution of an amount equal to recovered indirect costs as a direct support for research or creative activities, or as an incentive for the development of programs with external funding potential.
Accounts are established and an amount equal to indirect costs revenues will be distributed on a monthly basis. The distribution formula is:
30% Principal Investigator (PI)
40% Research Office
In academic units lacking departments the division typically receives 30%. Where awards have more than one PI, or more than one academic division, the distribution formula will be agreed upon prior to proposal submission.
What this means is that if you are the PI on an external grant which has indirect costs as an approved budget line, an IUSB RIP account will be established for you and for every dollar in indirect costs recovered from the external agency you would receive $0.30. So, if you have a $150,000 external grant ($100,000 in expenses and $50,000 indirect costs) you could potentially have $15,000 in a general research account as your portion of the recovered indirect costs.
The indirect costs are recovered as charges are applied to the grant account, and are transfered to the RIP accounts monthly. The funds in the RIP accounts are to be used for general research purposes within the guidelines of University fiscal and other policies (this means no hospitality!) as long as you are at and will remain at IUSB. They can be used for equipment, S&E, travel, or as cost share on your next external proposal.
The Seed Grant Program allows faculty to request support (up to $3,000), including course release time, to pursue major external grant awards. There is no set deadline for proposals to this program, they can be submitted to the Office of Research any time. Proposals are reviewed by the R&D Committee. Guidelines can be found at http://www.iusb.edu/~research/seedgrant.html.