New Co-Op Model Turns Contributors into Owners
Curēus, the new generation medical journal, today announced a new co-operative ownership structure that enables those who produce, review and contribute medical research to the Curēus eco-system to share in the company’s financial success.
For the first time in the Internet Age, a Web-based company whose business success is based on content generated by its end-user audience will reward them for their contributions with shares in the company. With Curēus, the key stakeholders who contribute to the medical research journal, including the authors, reviewers and editors, can share in the company’s success through a co-op ownership program that converts their work into equity depending on their level of participation.
Under the current system of medical publishing, medical researchers, authors and reviewers receive no compensation for their work. In fact these all-important contributors must relinquish copyright, and in many cases, even pay to get their scientific papers published or access their own paper post publication. Ultimately, the journal and publisher reaps all financial benefits as well as much of the recognition.
As part of its mission to revolutionize medical publishing, Curēus’ publishing model returns control of published research to those who create it – giving content creators full copyright and enabling free access to all readers. The Curēus co-op ownership model builds on this foundation by implementing a system, which tangibly rewards both physician and PhD contributors.
“We believe that the current model for medical research publishing is fundamentally broken,” said Tobin Arthur, president, Curēus. “The future success of Curēus’ depends on the efforts of its users, including authors, reviewers and other workers. Our ground-breaking publishing model recognizes and rewards the critical efforts of these individuals.”
How Curēus Social Ownership Works
When joining Curēus, members are automatically assigned an account meter to their profile. Each time they publish, review or score a paper, produce a medical poster or other type of contribution they earn points. At the end of the calendar year, the top point-earners on the site will be offered an opportunity to convert those points into equity in the company.
“The current medical publishing model offers very little incentive to those participating in the process,” said, Thomas J. Fogarty MD, Fogarty Institute for Innovation. “Curēus puts its money where its mouth is by giving contributors the recognition and compensation they deserve.”
Based in Palo Alto, California, Curēus is the new generation medical journal. Leveraging the power of an online, crowd-sourced platform, Curēus promotes medical research by focusing the publishing process on the people who create it, resulting in better research, faster publication and easier access for everyone. Leading physicians from all over the world have joined the unparalleled Curēus Editorial Board to lend their support to the medical publishing revolution. For more information, visit http://www.cureus.com.