Guest Post - The Monograph and the Mission: University of Michigan Pledges $1.2 Million to Fund Open Access Book Publishing - The Scholarly Kitchen
peter.suber's bookmarks 2022-08-24
"This week the University of Michigan Press announced through our partner LYRASIS that we have reached our target of converting 50% of our 2022 monograph program to open access, without ever requiring any author to pay to publish. We will increase this percentage to 75% in 2023 and anticipate being able to sustain a majority open access monograph program that produces at least 60 new books a year. These open-access titles are now available on our open-source publishing platform, Fulcrum, and through multiple other distribution channels. To sustain our output, we have developed a financial model, Fund to Mission, that matches investments in our ebook collection from over 100 libraries with subventions for individual titles, and support from our parent institution. In July, the Press was honored to receive a multiyear, $1.2 million investment from the University of Michigan Provost’s Office and an invitation to apply for continuing funding within the next three years. While we acknowledge the privilege of being at a leading and well-resourced US public university, we hope that the commitment Michigan’s academic leadership is making to open access for humanities books will be duplicated by Provosts at other North American institutions. As the name of our initiative suggests, such support allows university presses to pursue their core mission; to maximize global access to humanistic knowledge at a time when the need for rigorously vetted, boldly-expressed, high-quality information has never been greater. We also hope that even more libraries will be attracted to partner in achieving our shared mission...."
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