(19 Oct 2023) Springer Nature has agreed a Transformative Agreement (TA) in Hong Kong with all member libraries of the Joint University Librarians Advisory Committee (JULAC). This is the publisher’s first TA in this important region and, with over 700 articles published OA each year, will be the region’s largest TA. With China now leading the world in terms of research output, it also marks a significant step forward in the global transition to OA.
The three year agreement, effective from 1st January 2024, will allow affiliated researchers to publish OA in more than 1,900 hybrid journals published by Springer Nature. As part of the agreement, participating institutions retain access to all the journals they have subscribed to. As a result researchers in Hong Kong will benefit from:
- Increased global visibility of their work – up to 6x more downloads than non-OA content.
- Increased citations and engagement that OA provides.
- Increased cross collaboration, and facilitation of global research due to greater reach of OA content.
The press release in full is here.