Business Model
To fund the journals, PLoS charges a publication fee to be paid by the author or the author's employer or funder. In the United States, institutions such as the National Institutes of Health and the Howard Hughes Medical Institute have pledged that recipients of their grants will be allocated funds to cover such author charges. PLoS was launched with grants totalling US$13 million from the Gordon and Betty Moore Foundation and the Sandler Family Supporting Foundation. PLoS confirmed in July 2011 that it no longer relies on subsidies from foundations and are covering their operational costs themselves.
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Famous quotes containing the words business and/or model:
“I am not going to have 2,000 condoms hanging in my window. I don’t care what it represents.”
—Sharon Zuckerbrod, U.S. business executive. As quoted in Newsweek magazine, p. 23 (November 20, 1989)
“Socrates, who was a perfect model in all great qualities, ... hit on a body and face so ugly and so incongruous with the beauty of his soul, he who was so madly in love with beauty.”
—Michel de Montaigne (1533–1592)