The Massachusetts Institute of Technology (MIT) Libraries, US, have established a special fund, the MIT Open Access Article Publication Subvention Fund (OAAPSF). The fund seeks to support equity in open-access publication by providing funding to MIT authors who might not otherwise be able to cover publication fees. A subsidy of up to $1,000 per article is now available to faculty authors publishing in eligible journals.
The fund was created as a result of MIT's commitment to the 'Compact for Open-Access Publishing Equity,' launched with four other founding universities in September 2009. The goal of the compact is to allow subscription-based journals and open-access journals to compete on a more level playing field by providing equitable support for the processing-fee business model for open-access journals. The fund is being initiated as a pilot project, in cooperation with the Faculty Committee on the Library System, with the initial goal of determining faculty interest in and financial requirements of such a fund at MIT.
This fund is intended to be a last resort for use when no alternative source of funding is available. Current MIT faculty are eligible to use the fund for articles that will be submitted for publication after June 1, 2010, in open-access journals that are peer reviewed; listed in the Directory of Open Access Journals; adhere to the Open Access Scholarly Publishers Association Code of Conduct; make their standard fee schedules publicly accessible; and waive their fees in cases of financial hardship.
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