Cool – who’s going to pay for that?

ORCID BWG (Business Working Group)Outreach Meeting, September 16th, 2011

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

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.

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

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

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

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

Costs

Who’s the market?

• Universities and research institutes

• Government and private funders

• For profit publishers

• Non-profit publishers

What are fees?

• Initially tiered annual membership fees

• One time capitalization fee (JSTOR, ARTstor)

Revenue

Investment capital required?

$2.725 million

Investment Capital

• Donations

• Grants

• Loans

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