Funding for Diamond Open Access Transformation

The ZBW's pilot project Open Library Economics (OLEcon) supports journals in the field of economics that are independent of publishers

The ZBW - Leibniz Information Centre for Economics is launching the Open Library Economics (OLEcon) pilot project to support academic journals in the field of economics which are edited by academics. Starting in 2021, this project will support economics journals that are independent of publishers in their transformation to an APC-free Open Access business model (Diamond Open Access). OLEcon provides interim funding for the journals while they make the switch and supports them in establishing sustainable funding. In addition, OLEcon provides the journals it funds with copious advice on the transformation to Diamant Open Access. In collaboration with its partner, it also offers journal hosting.

Both editors who still publish subscription-based journals and editors who already publish Open Access can apply for funding. Under certain conditions, start-ups can also be funded. Further prerequisites for funding are, among others:

  • Connection to German economic research
  • (Aspiration to be) edited by academics ("scholar-led")
  • Compliance with scientific quality standards
  • Commitment of the editors to Open Access

With this new project, the ZBW intends to contribute to the publishing market's diversity. They also want to make it possible for academic research results to remain in academic hands on a non-commercial platform.

Further information on the project and the funding conditions can be found here: https://www.zbw.eu/de/publizieren/olecon.

Please find the original press release here: https://idw-online.de/de/news771081