Enhancing the Canadian economy; one entrepreneur at a time.
TORONTO, April 27 /CNW/ - Today Spin Master Ltd. announced the launch of
the groundbreaking Spin Master Innovation Fund. In partnership with the
Canadian Youth Business Foundation (CYBF) the Spin Master Innovation
Fund was created to encourage young entrepreneurs to turn their
innovative idea into a booming business.
In celebration of the Government of Canada's recent designation of 2011
as the Year of the Entrepreneur, the Spin Master Innovation Fund
finally gives the recognition that everyone with an innovative business
idea has to start somewhere and have someone believe in them. Beginning
today, the Spin Master Innovation Fund will allow qualified 18-34 year
olds with a big idea to submit their applications online at www.cybf.ca/innovation.
"With the Spin Master Innovation Fund we have the opportunity to give
back to young entrepreneurs," says Spin Master's Chairman and co-CEO,
Ronnen Harary. "We are here to finance young people with great ideas
and match them with a great mentor, the only collateral that we ask for
is integrity, passion, determination to win, the ability to listen and
The Spin Master Innovation Fund will continue to build on CYBF's
impeccable national and global track record as champions of youth
entrepreneurship, while demonstrating Spin Master's philanthropic
commitment to youth business innovation. By reaching out to Canadian
youth, the fund will identify and support the next generation of highly
innovative job creators in Canada and build on the momentum that Canada
is propelling economic recovery and growth through entrepreneurship.
"We are honoured to embark on this partnership with Spin Master," says
Vivian Prokop, Chief Executive Officer of The Canadian Youth Business
Foundation. "The Spin Master Innovation Fund is at the forefront of
promoting, encouraging and fostering innovation in Canada, while
growing our nation's economy one entrepreneur at a time."
For those who want to take the leap and turn their big idea into a
reality, the national call for applications will take place until June
9th, 2011, where the next great business could be eligible to receive a
start-up package that includes up to $50,000 in start-up financing
provided by CYBF and its affiliate Entrepreneur Gateway Canada.
Additional perks include hand matched mentors with business leaders, a
paid two-day trip to Toronto for the Innovation Launch Pad Workshop,
and an online community with exclusive access to monthly webinars and
business tips from national business leaders.
Spin Master Ltd.
A multi-category children's entertainment company since 1994, Spin
Master has been designing, developing, manufacturing and marketing
consumer products for children around the world and is recognized as a
global growth leader within the toy industry. Spin Master is best known
for such popular brands as boy's action phenomena and 2010 Boys Toy of
the Year winner Bakugan Battle Brawlers™, and award-winning brands Air
Hogs®, Aquadoodle™, Tech Deck™, Moon Sand™, Liv™, and Zoobles™. The
company has also marked an entry into children's media with the launch
of Spin Master Entertainment, a subsidiary focusing on the design,
development and production of television and other media properties.
Spin Master employs over 1,000 people with offices in Toronto, Los
Angeles, London, Paris, Hong Kong, Mexico, Munich, and central Europe.
For additional information please visit: www.spinmaster.com.
Canadian Youth Business Foundation
Canada's Entrepreneur Gateway
The Canadian Youth Business Foundation (CYBF) is the 'go to' place for
youth entrepreneurship. As a national charity, we are dedicated to
growing our nation's economy one young entrepreneur at a time. We look
at character not collateral, when providing youth, age 18-34, with
pre-launch coaching, business resources, start-up financing and
mentoring, to help them launch and sustain a successful entrepreneurial
In Affiliation with Entrepreneur Gateway Canada
SOURCE Spin Master Ltd.
For further information:
| Harold Chizick || Rachel Azagury |
| VP of Global Communications & Promotions || Senior Manager, Social Media, Media and Events |
| Spin Master Ltd. || CYBF |
| 416-364-6002 ext. 2238 || 416-408-2923 x2111 |
| HaroldC@spinmaster.com || email@example.com |