Repurposing Subscription Dollars for Open Access Investments: OACIP Pilot Opportunities

“If you are like many libraries, consortia, and academic units, you are interested in supporting open access publishing. You may be looking for ways to repurpose your subscription publishing dollars, but struggling with the administrative burden of evaluating how and where to reinvest precious funds.

 

In December 2020, we launched the Open Access Community Investment Program (OACIP), a community-funded open access publishing project. OACIP’s goal is to help match libraries, consortia, and other prospective scholarly publishing funders with non-profit publishers and journal editorial boards that are seeking financial investments to sustain or transition to open access publishing of journals or books.

Do you want to get started in evaluating OA investment opportunities? The OACIP pilot phase has launched with crowd-sourced investment opportunities for two journals. We invite you to learn more about OACIP’s criteria-driven funding approach and determine if investing in these two journals is right for you. We are hosting a webinar about the OACIP pilot premised on engaging discussion with the editorial boards and publishers of the participating journals….”

Repurposing Subscription Dollars for Open Access Investments: OACIP Pilot Opportunities

“If you are like many libraries, consortia, and academic units, you are interested in supporting open access publishing. You may be looking for ways to repurpose your subscription publishing dollars, but struggling with the administrative burden of evaluating how and where to reinvest precious funds.

 

In December 2020, we launched the Open Access Community Investment Program (OACIP), a community-funded open access publishing project. OACIP’s goal is to help match libraries, consortia, and other prospective scholarly publishing funders with non-profit publishers and journal editorial boards that are seeking financial investments to sustain or transition to open access publishing of journals or books.

Do you want to get started in evaluating OA investment opportunities? The OACIP pilot phase has launched with crowd-sourced investment opportunities for two journals. We invite you to learn more about OACIP’s criteria-driven funding approach and determine if investing in these two journals is right for you. We are hosting a webinar about the OACIP pilot premised on engaging discussion with the editorial boards and publishers of the participating journals….”

Open Access Community Investment Program Pilot

“How do libraries, consortia, and other scholarly publishing stakeholders decide what open access (OA) content to invest in when divesting from paywalled content? In the emerging OA publishing market, stakeholders must consider thousands of OA publications, while often lacking sufficient data relevant to their own values or the pros and cons of each opportunity. This one-off nature of OA investment is not conducive to easy administration or participation. Vetting and procurement processes become onerous as programs increase. While the scholarly publishing community has a great willingness to work together to support OA efforts, we need a stronger, more effective connection infrastructure to sustainably transition to OA. 

 
LYRASIS, TSPOA, and Duke University Press have developed this Open Access Community Investment Program Pilot (“Pilot Project”) to test the viability, scalability, and sustainability of infrastructure, a criteria-based vetting mechanism, and outreach to help match funding entities or potential investors with publishers or journals seeking funding to publish open access. These potential investors encompass the range of scholarly publishing stakeholders, including for example: libraries, consortia, and funders, academic centers/departments, and cultural institutions. The term “stakeholders” as used throughout this document references this range of potential investors. While the initial set of open access initiatives or programs will be U.S. based, the community of investing stakeholders is expected to be global….”

 

Open Access Community Investment Program (OACIP)

“The LYRASIS Open Access Community Investment Program (OACIP) is a community-driven framework that enables multiple stakeholders (including funders, institutions, libraries, authors, and editors) to efficiently and strategically evaluate and collectively fund open access content initiatives. The program is designed to:

Facilitate an experimental incubation space for emerging open access funding and business models;

Centralize the administration and funding of open access initiatives or programs at multiple scales and make transparent to the community at large who is participating in each investment community.

Provide a funding hub for more bespoke programs, output from smaller publishers, and niche scholarly output to maintain diversity of scholarship.

Enable investors to make principled, data-driven spending or reinvestment decisions and strategically fund individual programs or distribute funds to multiple programs that align with their missions all in one place, increasing efficiencies and convenience….”

Announcing the Open Access Community Investment Program – Transitioning Society Publications to OA

“We are thrilled to launch the Open Access Community Investment Program, a community-funded open access publishing project developed by LYRASIS, Transitioning Society Publications to Open Access (TSPOA), and Duke University Press.

Our goal is to help match libraries, consortia, and other prospective scholarly publishing funders with non-profit publishers and journal editorial boards that are seeking financial investments to sustain or transition to open access publishing of journals or books. We mean prospective funders broadly, to encompass the range of scholarly publishing stakeholders, including for example: libraries, consortia, and funders, academic centers or departments, and cultural institutions. …”