ArXiv to receive funds from the European Research Council | Open Science
"ArXiv is a well-known open repository (Green Open Access) for all scientists interested in mathematics or physics. It holds more than 875,000 e-papers – mainly in computer science, statistics, physics and mathematics. In 2012 alone, the repository saw around 64 million downloads and received more than 84,000 new submissions. In order to maintain such a huge infrastructure arXiv requires a significant amount of funding, which is primarily derived from various types of grants. Now the European Research Council (ERC) has become the latest institution to become a donor. A few days ago, the ERC announced that it established cooperation with arXiv and formed an international partnership to support the repository. However, as Nature informs, the funds for arXiv are not very high. This year, the repository will receive U.S. $ 1,500, and $ 3,000 the following year. The funding is really a symbolic amount, which may help in some way, but will not be enough for any boost in the development of arXiv. However, this event is more important in the context of the promotion and development of Green OA ... The European Research Council was set up by the European Union in 2007. Its total budget, which amounts to €7.5 billion for 2007 to 2013, could reach €13 billion within the timeframe of Horizon 2020. To be noticed and supported by this kind of institution is a great success, not only for arXiv but also for Green Open Access in general. It brings hope that the future will see an increase in funding for the publishing model. Moreover, it is a testament to the rising popularity of Green OA, and to its importance in the transition process that scientific publishing is currently going through. This has also been confirmed in the recently published report by The House of Commons’ Business, Innovation and Skills (BIS) Committee, which openly criticized the UK policy on Open Access for focusing too much on Gold OA at the expense Green OA, which is being neglected as a means to accomplish the aforementioned transition."