cool – who’s going to pay for that?
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DESCRIPTIONCool – who’s going to pay for that?. ORCID BWG (Business Working Group) Outreach Meeting, September 16 th , 2011. BWG – who are we?. Gregg Gordon, SSRN Karen Hunter, Elsevier Dave Kochalko , Thomson Reuters Salvatore Mele , CERN Ed Pentz, CrossRef, co-Chair - PowerPoint PPT Presentation
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Cool whos going to pay for that?
ORCID BWG (Business Working Group)Outreach Meeting, September 16th, 2011BWG who are we?Gregg Gordon, SSRNKaren Hunter, ElsevierDave Kochalko, Thomson ReutersSalvatore Mele, CERNEd Pentz, CrossRef, co-ChairLisa Schiff, California Digital LibraryMacKenzie Smith, MITCraig Van Dyck, Wiley, co-Chair
BWG Remitresponsible for developing a business plan, including funding options, and membership and affiliate policies for Board approval.
will coordinate its work with the TAG and the OWG.Business Plan - for a sustainable organizationBWG sub-groups developed initial proposals on what fees could be charged (mid-2010)Membership fees; transaction fees; fee-for-service (real-time access, alerts, bulk querying, disambiguation)ORCID Survey (late 2010) asked aboutWillingess to payIdeas for ways to fund ORCIDMellon grant to fund business model feasibility study
ORCID funding so far.In kind (2010) staff time; board, working groups, technical and legalSponsorship 1 (early 2011) - $244,000 in donations from Founding SponsorsSmall grants (mid-2011) Mellon ($49,000); VIVO ($25,000) Sponsorship 2 (late 2011) announced in August to get additional $250,000Major loans and grants (late 2011/early 2012) - Mellon funded feasibility paper and more detailed business planBusiness Model Feasibility Study$49,000 grant to fund consultant Raym CrowPIs from MIT, Harvard, and Cornell MacKenzie Smith taking the lead for ORCIDReport on sustainable business model for ORCID - focus on academic institutions; also publishers, funding agencies, other stakeholdersMainly U.S., but considering international interestsWill inform decisions about ORCID business models with October 2010 Participant survey
ORCID Sustainability Framework Framework for modeling scenarios
Baseline scenario that can be adjusted
What drives the model: development and operating costs; market sizing; price points, adoption curve
Whos the market?Universities and research institutesGovernment and private fundersFor profit publishersNon-profit publishersWhat are fees?Initially tiered annual membership feesOne time capitalization fee (JSTOR, ARTstor)
Investment capital required?$2.725 million
Investment CapitalDonationsGrantsLoansNext StepsRefine cost assumptionsRevise market sizing, pricing and adoption curve assumptionsUpdate cost and revenue projectionsRecalculate investment capital requiredGet loan commitmentsPursue grants