18th September 2013

Spin Master Innovation Fund Recipients Announced

spin masterToday the Spin Master Innovation Fund announced the 2013 recipients of the Spin Master Innovation Program. In partnership with Spin Master Ltd. and co-financing partner the Business Development Bank of Canada (BDC), the Canadian Youth Business Foundation (CYBF) is pleased to introduce the next group of highly innovative entrepreneurs to the rest of the country.

These young entrepreneurs will each receive a start-up package of $50,000 in financing from CYBF and BDC, and a hand-matched mentor from CYBF’s industry-leading mentoring program. They will also come together once again in Toronto, from September 30 – October 1, to attend a two-day Innovation Launch Pad Workshop, with mentoring from top-tier Spin Master executives and specially designed educational workshops and networking opportunities.

The 2013 Recipients of the Spin Master Innovation Fund are:

These six companies were chosen from a short-list of finalists who pitched their innovative business plans to an elite Spin Master Innovation Fund Selection Panel. Participating in the selection panel were: Ronnen Harary, Chairman and Co-CEO of Spin Master Ltd.; Adam Beder, Senior Vice President, Global Licensing, Spin Master Ltd.; Cheri Anthony, Director of Merchandising, Toys, Walmart Canada; Steven Oliver, Regional Director, Corporate Financing, BDC; Colin Bohm, Head of Corus Kids, Corus Entertainment; and Mitchel Krakower, VP, Regional Operations, CYBF.

The recipients impressed the Selection Panel with their professional presentations, polished business plans and, above all, their strength of character-qualities that will serve them well in the fast paced world of innovative start-ups.

“The value of unlocking human capital within Canadian companies such as Spin Master Ltd. is immeasurable to these young people. Through mentoring relationships with both their CYBF mentor and the executives at Spin Master, we can create the support network needed to build a successful innovative business,” says Spin Master’s Chairman and co-CEO, Ronnen Harary. “This is the third year of the Fund, and we are consistently supporting the best of the best – these are the companies to watch for in the future.”

“The six business we have selected this year really set themselves apart, not only with their innovative business ideas but also with their drive to succeed and business acumen,” says Julia Deans, CEO, the Canadian Youth Business Foundation. “We are pleased to be able to join with the partners of the Spin Master Innovation Fund to offer these young people the funding and mentorship that will guide them on a path of continued success.”

“BDC is pleased to once again be a partner of the Spin Master Innovation Fund team with CYBF and Spin Master Ltd.,” says Steven Oliver, Regional Director, Corporate Financing at BDC. “Working together, we can offer a greater number of resources to these deserving young entrepreneurs and equip them with the tools to make a difference to their growth and success.”

This entry was posted on Wednesday, September 18th, 2013 at 2:35 pm and is filed under Associations, Awards, Business News, Careers, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
  1. Tami Quiring (@VillageGamer)
    7:36 am on September 18th, 2013

    Spin Master Innovation Fund Recipients Announced http://t.co/Yp2eSXBZM6 #startup

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