Springer will offer new open access science, technology, and medicine (STM) journals.
Here's an excerpt from the press release:
Springer is expanding its open access offering to all disciplines. SpringerOpen will cover all disciplines within the science, technology and medicine (STM) fields and will be offered in cooperation with BioMed Central. The entire content of SpringerOpen journals—including research articles, reviews, and editorials—are fully and immediately open access, and are accessible to anyone with an internet connection. No subscription is needed.
"We are seeing an increasing interest from our authors and from funders in all areas for open access publishing options and have responded to a need in the current market," said Wim van der Stelt, EVP Business Development, Springer. "We are happy to serve our authors and editorial boards with the publishing options they want and are also pleased to supply universities, research institutions and our other patrons with the ability to use this content online freely and conveniently."
SpringerOpen journals are e-only journals. Springer is committed to delivering high-quality articles and ensuring rapid publication as with its traditional journals, from online submission systems and in-depth peer review to an efficient, author-friendly production process. The final articles are not only published in a timely manner on Springer's online information platform SpringerLink, but are also distributed to archives such as PubMed Central and to institutional repositories as requested.
SpringerOpen journals are published under the Creative Commons Attribution license, which facilitates the open distribution of copyrighted work. According to this license, Springer will not reserve any exclusive commercial rights. The journals ask the authors to pay an article-processing charge, in accordance with market standards.