Digital Universe - Funding

Funding

In July 2006, the San Jose Mercury News reported that "Digital Universe, a non-profit based in Scotts Valley, is part of a complicated three-organization structure. ManyOne Networks is the for-profit arm of the operation, backed with angel investors and private investor funding that is developing the Digital Universe software. Its profits are funneled to the ManyOne Foundation, set up in Canada for tax purposes and to give the project a less U.S.-centric feel. Eventually, the foundation will acquire ManyOne Networks by buying out the investors at a fixed rate of return, Haisch said. The Digital Universe Foundation controls the content that is published online. It will issue grants to academics and researchers to produce work for the Web site. The plan is to create a self-sustainable organization through a mix of grants and revenue from premium services, such as high-resolution images and video and e-mail, with prices ranging from $7.95 to $49.95."

As of January 2006, US$10.5 million had been raised from investors and foundations for the Digital Universe project. ManyOne Networks plans to offer premium services for $7.95 a month and to sell Internet access. These revenues will be used in part to support the Digital Universe project. Firmage has stated that access to the basic Digital Universe content will always remain free and without advertisements.

The stewardship program and other Digital Universe activities are the responsibility of the non-profit Digital Universe Foundation, headquartered in Scotts Valley, California.

Read more about this topic:  Digital Universe