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Cool – who’s going to pay for that?
ORCID BWG (Business Working Group)Outreach Meeting, September 16th, 2011
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BWG – who are we?
Gregg Gordon, SSRN
Karen Hunter, Elsevier
Dave Kochalko, Thomson Reuters
Salvatore Mele, CERN
Ed Pentz, CrossRef, co-Chair
Lisa Schiff, California Digital Library
MacKenzie Smith, MIT
Craig Van Dyck, Wiley, co-Chair
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BWG Remit
…responsible 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.
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Business Plan - for a sustainable organization
• BWG 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 about
• Willingess to pay
• Ideas for ways to fund ORCID
• Mellon grant to fund business model feasibility study
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ORCID funding so far….• In kind (2010) – staff time; board, working groups,
technical and legal
• Sponsorship 1 (early 2011) - $244,000 in donations from Founding Sponsors
• Small grants (mid-2011) – Mellon ($49,000); VIVO ($25,000)
• Sponsorship 2 (late 2011) – announced in August to get additional $250,000
• Major loans and grants (late 2011/early 2012) - Mellon funded feasibility paper and more detailed business plan
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Business Model Feasibility Study
• $49,000 grant to fund consultant Raym Crow
• PIs from MIT, Harvard, and Cornell – MacKenzie Smith taking the lead for ORCID
• Report on sustainable business model for ORCID - focus on academic institutions; also publishers, funding agencies, other stakeholders
• Mainly U.S., but considering international interests
• Will inform decisions about ORCID business models with October 2010 Participant survey
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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
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Costs
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Who’s the market?
• Universities and research institutes
• Government and private funders
• For profit publishers
• Non-profit publishers
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What are fees?
• Initially tiered annual membership fees
• One time capitalization fee (JSTOR, ARTstor)
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Revenue
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Investment capital required?
$2.725 million
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Investment Capital
• Donations
• Grants
• Loans
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Next Steps
• Refine cost assumptions
• Revise market sizing, pricing and adoption curve assumptions
• Update cost and revenue projections
• Recalculate investment capital required
• Get loan commitments
• Pursue grants
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