Frequently Asked Questions
Answer provided by our founder, Gregory Varnum, who selected the name:
The simple answer is that aequalitas (we're pronouncing it "eye-kwa-li-tis") is Latin for equality.
I could come up with some philosophical explanation about how Latin is the source and start of many wonderful things or how we must look to our past before we can venture towards our future. However, the truth is there was no logical reason - especially since I'm not a lawyer and do not actually speak any Latin. I'm just fond of Latin phrases and enjoy including Latin in projects I work on. I don't get many chances to name organizations - so I went for it. Put another way, quidquid Latine dictum sit altum videtur.
The Aequalitas Project is a nonprofit corporation registered in the State of Michigan. Since the organization is still in our initial development, our application for tax-exempt 501(c)(3) status is pending. As a result, any donations received at this time are not tax-deductible. In accordance with state laws, the organization has a Board of Directors which works in consultation with our Advisory Board to govern the organization.
Incubators are designed to accelerate the successful development of ideas through an array of support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. In the business sector, successful completion of an incubation program increases the likelihood that a start-up company will stay in business for the long term: Historically, 87% of incubator graduates stay in business.Common incubator services include:
- Help with business and nonprofit basics
- Networking assistance
- Assistance identifying supporters
- Marketing assistance
- Information on strategic partners
- Advisory boards and mentors
- Technology assistance
- Help with regulatory compliance
Unlike many nonprofit assistance programs, incubators do not serve any and all programs. Social entrepreneurs and advocates who wish to enter an incubation program must apply for admission.The amount of time a program spends in an incubation program can vary widely depending on a number of factors, including the type and scope of the program.
The Aequalitas Project invests as much time as necessary to either develop an idea until it can be sustained independently, successfully integrated into an existing organization or come to its natural conclusion.
Sometimes that natural conclusion is the determination that the program is either unnecessary or unsustainable. To respect everyone's time and resources, the screening and early development process is designed to make that determination early.
Sorry, but The Aequalitas Project is not soliciting ideas at this time.
As told by Gregory Varnum, founder of The Aequalitas Project:
The Aequalitas Project founder and lead, Gregory Varnum, oversees the organization's operations and programs in cooperation with the organization's Board of Directors. Decisions on financial and programmatic aspects of each program and the organization are determined based on input from the Advisory Board.