What is a not for profit?
Not for profit describes a type of organization that does not earn profits for its owners. All of the money earned by or donated to a not-for-profit organization is used in pursuing the organization’s objectives and keeping it running. Typically, not-for-profit organizations are charities or other types of public service organizations.
1.3 The purpose of the Not for Profit Organization is to promote, carry out and research collaborative initiatives and projects in the intersection between nature and social sciences, humanities, technology, art and business, with a view to disseminating an in-depth understanding of cross-cutting collaborative culture across societies, organizations, education, businesses and countries. In addition, the institution’s purpose is to contribute with counseling, participation and networking, to promote open collaborative knowledge-creation. The institution’s purpose is non-profit.
1.4 The Not for Profit organization may, in addition to the above, carry out activities which have a natural connection to this purpose, or which are based on knowledge the Collaboratorium, has accumulated.
1.5 Collaboratorium must be independent of economic and commercial interests.
(the original is in danish, because the Collaboratorium originates from Denmark)