By June 12, 2012 Commentson Peer J Inc. launched today, and its notable co-founders are promising that the company’s business model will revolutionize the field.
The company’s co-founders are Jason Hoyt, formerly the chief scientist and vice president for research and development at Mendeley, and Peter Binfield, until recently the publisher of PLoS One. The duo said they are poised to exploit a looming “wholesale move” toward open access in academic publishing, and they “expect to be at the forefront of a revolution in how academic content is published and distributed.”
“It was incredibly satisfying to run PLoS ONE, and I believe that PLoS ONE has been one of the major forces for change in the industry,” Binfield said. “However, I wanted to break out and see how much further I could push the envelope towards new, and innovative, modes of open access publication, while all the time maintaining the highest standards of professional publication.”
PeerJ will do without the widely employed and often expensive article-processing charge (commonly called author fees) of other OA journals, which average about $900 per published paper, according to a recent study.
Instead, PeerJ will use a “pay once, publish for life” model, which will offer individual membership plans starting at $99. Authors who join are granted lifetime rights to publish for free in the company’s peer-reviewed journal, also called PeerJ. Each author on a paper must be a member.