AAU, ARL, and AAUP will launch the Open Access Monograph Publishing Initiative this spring.
Here's an excerpt from the announcement:
The universities and colleges directly participating in this initiative will incorporate three components into their digital monograph publishing projects: provide a baseline university publishing grant of $15,000 to support the publication of an open access, digital monograph of 90,000 words or less (with additional funding for works of greater length or complexity to be negotiated by the author, institution, and publisher); set a target of awarding at least three publishing grants per year; and commit to participating in this initiative for five years.
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