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:
“Really to succeed, we must give; of our souls to the soulless, of our love to the lonely, of our intelligence to the dull. Business is quite as much a process of giving as it is of getting.”
—Alice Foote MacDougall (1867–1945)
“It has to be acknowledged that in capitalist society, with its herds of hippies, originality has become a sort of fringe benefit, a mere convention, accepted obsolescence, the Beatnik model being turned in for the Hippie model, as though strangely obedient to capitalist laws of marketing.”
—Mary McCarthy (1912–1989)