AMSTERDAM, November 22, 2012 /PRNewswire/ -- FundRef aims to standardize reporting of funding sources of research Elsevier, a world-leading provider of scientific, technical, and medical information products and services, today highlights its participation in FundRef, a collaborative pilot project between scholarly publishers and funding agencies, facilitated by CrossRef. The aim of the project is to develop a standard mechanism for gathering and disseminating information about funding sources of published scholarly research. Currently governments and other research funders do not have an easy or standard way to track publications that result from their funding. As they are increasingly required to report on the outcomes of the research they have supported, this becomes a problem. At the same time, standard bibliographic data for scholarly publications do not always include funding source information, which means mining publication data to track funding sources is difficult. FundRef aims to provide a solution for both problems. Elsevier's participation in the pilot is marked by its provision of a funding body registry that provides a standardized taxonomy of 4,000 international funding agencies, including unique IDs for each. The registry is based on Elsevier's existing SciVal Funding content that includes a comprehensive database of funding opportunities from Australia, Canada, the European Commission, India, Ireland, New Zealand, Singapore, South Africa, United Kingdom and the United States. The funding body list is freely available at http://info.scival.com/funding and as linked data via our APIs at http://data.elsevier.com. "It is critical for governments and research funders to be accountable for reporting the research and development outcomes they support, which is currently almost impossible to connect," said Ed Pentz, Executive Director at CrossRef. "This initiative provides funders and scholarly publishers with a unique opportunity to collaborate on a standard that will make R&D investments more transparent." "Elsevier is pleased to provide the master list of 4,000 funding agencies to this initiative and anyone else interested to utilize it," said Chris Shillum, Vice President, Product Management, Platform & Content at Elsevier and CrossRef Board member. "We are excited about the potential outcomes of this collaboration and will continue to support the FundRef initiative in expanding transparency of research funding information." At the end of the pilot, with the workflow for submission and dissemination fully tested, Elsevier intends to incorporate funding identifiers into its publication submission process. This will provide the funding agencies with the ability to match their identifiers with CrossRef DOIs of published papers and clearly track their investments and demonstrate to the public the impact and benefits they are contributing to society.