1. springeronline.com On STM Publishing Model Springer Open Choice Maurice Kwong Springer Science and Business Media STM Division CONCERT, November 11, 2004, Taipei

2. CONCERT 2004 Springer Science + Business Media Total consolidated sales in fiscal year 2003: € 833 million 12% B2B Transport 10% B2B Construction 9% Sturtz 6% B2B Professional Medicine 7% B2B Professional Business & Technology 56% STM – Science, Technology Medicine (incl. KAP) Sales Split 2003 by business divisions Sales Split 2003 by region 7% Asia 21% North America 1% Rest of the world 24% Rest of Europe 3% Central and Eastern Europe 44% Germany

3. CONCERT 2004 Product & Project Overview Over 5,000 employees working in 80 companies worldwide 1,400 journals and 5,000 new books published each year SpringerLink hosts over 600,000 journal articles, and over 65,000 book chapters Springer is investing heavily in new products: – Digitization of over 1.5 million articles - 12 million pages of backfiles – Nearly all new books to be published will have their electronic versions Springer is taking the lead in providing author-centric services: – Online editorial and production process management for journals – Springer Open Choice

4. CONCERT 2004 Libraries know about, and support, Open Access Over 90% of surveyed libraries are familiar with Open Access 90% of those who are familiar support Open Access as a medium for content in the future There is a large discrepancy in support of Open Access between librarians (90%) and authors (25%). Source: Internal Report commissioned by Bain & Co., Mar. 2004 Unfamiliar Familiar Negative Mostly positive Strong support OA familiarity Support of OA model 0 20 40 60 80 100% Percent of OA-aware librarians

5. CONCERT 2004 However, authors know little about OA and are not willing to pay Source: CIBER Report: What Do Authors Really Want, Nature, May 2004What Do Authors Really Want Author knowledge of Open Access (n=3,787) Author willingness to pay for Open Access (n=3,787) Only 1 in 20 authors feels adequately informed about Open Access Almost half of all authors would not pay anything for Open Access. The average an author would pay is $247.

6. CONCERT 2004 What is Springer Open Choice? Springer Open Choice is a new service which enables authors to make their articles freely available through almost all Springer journals Open Choice Order FormDisplay on SpringerLink Features of Open Choice Same quality peer review and production Articles also included in print editions Full abstracting, indexing, and reference linking functionality of SpringerLink One-time publication fee of $3,000 USD Subscription prices will be adjusted accordingly

7. CONCERT 2004 Journal Publishing Process When is the Choice Made ? ResearchResultsSubmission to Journal EditorsPeerReviewAccepted by Editors PublicationProcess Access & SubscriptionSales ResearchResultsSubmissions To Journal EditorsPeerReviewAccepted by Editors Open Choice Decision By Authors Access & Print SubscriptionDelivery PublicationProcess

8. CONCERT 2004 What is Springer Open Choice? Springer Open Choice is a new service which enables authors to make their articles freely available through almost all Springer journals Open Choice Order FormDisplay on SpringerLink Features of Open Choice Same quality peer review and production Articles also included in print editions Full abstracting, indexing, and reference linking functionality of SpringerLink One-time publication fee of $3,000 USD Subscription prices will be adjusted accordingly

9. CONCERT 2004 Copyright and Self-Archiving Springer supports author self-archiving policy: – Authors are allowed to post their articles on pre-print servers – Authors are allowed to post their own version on their personal website or in their institution’s online repository, with a link to the publisher’s version Springer offers unlimited access in two ways: – Author self-archiving – Springer Open Choice

10. CONCERT 2004 Springer‘s Open Choice TM Is Open Choice = Open Access ? Open Access : Choice of where to submit Open Choice : free submission vs free access Open Choice : Quality assurance guaranteed Open Choice Journals offers additional contents in print free of charge to current subscribers. Open Choice offers fair publishing opportunities worldwide Springer‘s Open Choice offers copyright protection as in traditional subscription based publishing. Open Choice is more than just Open Access

11. CONCERT 2004 Why Open Choice? Authors are our partners, and the current environment may require them to have this option Springer is open to new ideas and business models Springer is neutral to whether the subscribers or the authors pay for the costs of publishing

12. CONCERT 2004 The issue is the business model Copyright and the journal not the issue Who pays for publishing is the issue Let’s take a practical look, experiment Springer is neutral.

13. springeronline.com Springer Open Choice Your research. Your choice.