Is it not possible to create a separate foundation / organization that manages peer-reviewed, open-access journals for multiple scientific fields? I realize the costs involved in asking academics to review submissions, etc., but couldn't a small $10-$15 million grant for an organization be enough to kickstart an open journal consortium? Even if they did require small review fees from submissions ($25-$50), I feel tha…
The problem isn't the technical implementation of such a system, it's getting the reputation prestige. eLife is an example of a journal attempting to go from zero to elite right out of the gate, but the solution to that is to throw a ton of money at the problem. Their last financials show it cost them about $14k/article to publish. So either you spend A LOT of money and make the prestige play quickly, or you do it ch…
That is what happened in machine learning in 2001, when forty editors of the journal 'Machine Learning', published by Springer, resigned to join the open access 'Journal of Machine Learning Research', which was created in 2000. Today, JMLR is much more prestigious than Machine Learning (impact factor of 3.42 v.s. 1.46 in 2012).
See http://en.wikipedia.org/wiki/Journal_of_Machine_Learning_Res...