SCOAP3

Next Chuck Ekman talked about the SCOAP3 project -- coming from the high-energy physics community (HEP).

Goal of this group is to convert the small core of high-impact journals in this field into OA --
* six journals; want to convert 5 HEP journals and 1 additional 'broadband' journal

* Publishers: Springer, Elsevier, AIP and APS
* Consortium model -- instititions will redirect their subscription funds toward consortium
* Driven by authors from CERN, who are doing very important work on colliders which lots of people want to publish

What they're trying to do is to rescue peer review. Libraries have little incentive not to cancel the journals, since most of the scientists get their access through arxiv.org.

Phased transition outline:

1. Stakeholders estimate their current expenditure on the HEP journals targeted by SCOAP (no money changes hands). Note that the UC is a stakeholder in the US.
2. Stakeholders pledge to redirect their current spend to SCOAP3 through an Expression of Interest (no money changes hands)
3. Once a sizeable fraction of budget is pledged, SCOAP issues a tender to publishers (no money changes hands)
4. Publishers answer the tender. Formal agreement on:
* journal license packages are un-bundled; the OA titles are removed
5 ScOAP partners establish the consortium, decide on the governance, adjudicate contracts and commit funds (no money changes hands)
6. Contracts with publishers happen
7) payments happen

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Summary:
Both SCOAP and BRII embrace the author/producer pays model; both non-disruptive; both aim to be transformative