Entering the competition – what is ‘not-for-profit’?

competition entering profit
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Entering the competition – what is ‘not-for-profit’?

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By not-for-profit, NESTA means an organisation whose primary objective is to support an issue or matter of public interest or public concern for non-commercial purposes, and which is not capable of distributing profits. This definition also includes enterprises that do not have defined ownership interests which can be sold or transferred, and which operate entirely for social or community benefit.

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