From the IOP Publishing:
The Austrian Science Fund (FWF), the Austrian Academic Consortium (Kooperation E-Medien Österreich), the Austrian Central Library for Physics at the University of Vienna and IOP Publishing (IOP) have today announced a new pilot project that will provide advance funding for Austrian researchers to publish on a hybrid open access basis in IOP’s subscription journals and which will offset that funding against subscription and licence fees paid by the Austrian Academic Consortium for access to IOP’s journals.
The FWF will cover article publication charges for all authors (who meet the qualifying criteria specified by the Austrian Science Fund) when they choose to publish with IOP. The pilot project will run for three years starting 1 January 2014. It also encompasses a three-year agreement for access to IOP’s journals for participating members of the Austrian Academic Consortium. It brings two such funding agreements – for open access publication and for access to a portfolio of journals – together for the first time.
Brigitte Kromp, Head of the Austrian Central Library for Physics at the University of Vienna, says: “As the University of Vienna is one of the key players in the open access movement in Austria we are very interested in developing sustainable open access models. We hope to get reliable figures for the calculation of open access fees, to manage costs nationally and find economically feasible future business models by this project. Knowing IOP for many years as a reliable partner, we considered the publisher to be best qualified for this experiment.”
Read the Complete Announcement