Maria wrote:
Wayne, will partner institutions be paid for their participation, out of the money OERu makes to sustain itself? If so, it can be a major point for them, not during the pilot stage, but in the future. The OERu model is infinitely scaleable, and it does not compete with their existing customer base - it's for the next billion, etc.
Correct, the OERu model is scalable and fiscally sustainable. This is how it works:
- OERu partners pay a nominal membership fee to the OER Foundation which covers the cost of the central shared infrastructure to support free learning. We only need 10 new members for a fiscally self-sustaining model without reliance on 3rd party donor funding.
- Recurrent cost for providing summative assessment services is guaranteed because partners provide this on a fee for service basis.
- We are not competing with existing institutional markets -- as you say its for the next billion who don't currently have access to affordable tertiary education.
- Staffing is scalable because each partner contributes a 0.2 full-time equivalent staff member to assemble and maintain their course contribution to the network. Most OERu partners are allocating normal development time as part of normal operations, so no new money is required.
- The OER Foundation is a non-profit which means all additional revenue must be used for charitable activities. We will be able to allocate surplus revenue for commissioning the paid development of new OERu courses for the benifit of the network.
It's smart philanthropy -- we can achieve our goals sooner depending on the rate of recruiting the remaing 10 partners. So if any insitutions on the list are interested in joining to become anchor partners (a status membership tier for institutions who join before the official launch on 1 November 2013) -- the should email me offline at wayne@oerfoundation.org.