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On the heels of the Harvard-led compact to support OA journals:
Stuart Shieber, Harvard’s new open-access fund, The Occasional Pamphlet, September 15, 2009.
Harvard’s participation in the open-access compact is being managed by the Office for Scholarly Communication, which has set up an open-access fund—the Harvard Open-Access Publishing Equity (HOPE) fund—consistent with the compact. Through HOPE, Harvard will reimburse eligible authors for open-access processing fees. Initially, members of the four Harvard faculties—Arts and Sciences, Education, Government, and Law—that have formally adopted open-access policies will be eligible to make use of the fund, with other faculties becoming eligible as they develop open-access policies. More information about Harvard’s fund can be found at the OSC web site.
From the HOPE fund site:
See also this interview with Shieber from Harvard University Library Notes.
Comments. Kudos to Harvard for (again) putting its money where its mouth is.