SYS-CON MEDIA Authors: Pat Romanski, Adine Deford, Cynthia Dunlop, Harry Trott, Xenia von Wedel

News Feed Item

Applications Now Open for the $500K Spin Master Innovation Fund Hosted by Spin Master Ltd. and Canadian Youth Business Foundation

Fund is established to support and champion 10 innovative Canadian-made businesses each year

TORONTO, ONTARIO -- (Marketwired) -- 05/01/14 -- Spin Master Ltd., Canada's most innovative children's toy and entertainment company, and the Canadian Youth Business Foundation (CYBF) and have teamed up to support innovative young entrepreneurs through the Spin Master Innovation Fund for the fourth consecutive year. This program annually supports up to 10 innovative businesses, each with $50,000 in start-up financing, a hand-matched mentor from CYBF's industry-leading mentoring program and a trip to the Spin Master offices in Toronto to attend a two-day Innovation Launch Pad Workshop, with exclusive access to senior Spin Master executives. Plus, program alumni are supported each year with an Accelerator workshop designed to allow ongoing access to intellectual capital at Spin Master and peer to peer learning. This year, the accelerator program has grown to include new partners Deloitte and Dentons Canada LLP; with both companies hosting innovation sessions for alumni.

Applications open today and will offer qualified 18-39 year olds the opportunity to kick-start their innovative start-up business. Qualified individuals are invited to apply online before June 20, 2014 at www.cybf.ca/innovation.

"The partnership between CYBF and Spin Master has helped us jump-start innovative young entrepreneurs from coast-to-coast," says Julia Deans, CEO, CYBF. "The Spin Master Innovation Fund furthers the passion and spirit of Canadian innovation by identifying highly driven young people and helping them become the future job creators who will strengthen and grow our economy."

"We are excited to partner with CYBF and give back to young entrepreneurs for the fourth consecutive year," says Spin Master's Chairman and co-CEO, Ronnen Harary. "This fund allows us to finance young people with great ideas while matching them with great mentors to make them successful."

"The Spin Master Innovation Fund has provided me with the opportunity to work with a mentor who was specifically chosen for my business needs," said Sarah Fong, founder and CEO of Suite City, an online portal for condo sales, based in Toronto, ON, and Spin Master Innovation Fund 2013 recipient. "In addition, I was able access the essential start-up funding, and crucial advice and support from the CYBF and Spin Master communities."

Sarah Fong worked in consulting for a few years and as an economist/market analyst where she was able to strengthen her entrepreneurial skills. She eventually took the plunge and left to start her own business because she had a vision of the kind of lifestyle she wanted to build for herself, which didn't seem to fit in to a traditional career. Since attending the Spin Master Innovation Launch Pad Workshop in 2013, she has been active with both media interviews and pitching her business in competitions. She continues to revolutionize the condo marketplace with Suite City, the low-cost alternative to using a real estate agent for the digitally-savvy buyer and seller. Sarah will be joining other alumni at the second annual Accelerator workshop to be held in Toronto on May 14 - 15, 2014. During the workshop, alumni will have one on one specialized mentoring sessions with Spin Master executives, Adam Beder, (EVP of Licensing) and Jeff Hurst (VP, US & Canadian Sales).

To highlight the business success of the Spin Master Innovation Fund alumni, and champion Canada's young innovators, CYBF is profiling their journeys in a series of "Where Are They Now?" vignettes - a social media campaign that follows the path to success for a series of program participants, available at www.cybf.ca/blog.

About Spin Master Ltd.:

A multi-category children's entertainment company, Spin Master has been designing, developing, manufacturing, and marketing consumer products for children around the world since 1994 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 2009-2010 Boy's Toy of the Year winner Bakugan Battle Brawlers™, and award-winning brands Air Hogs®, Aquadoodle™, Flutterbye™, Spin Master Games™ including 2014 Game of the Year, Boom Boom Balloon ™ and the popular Hedbanz™, SpyGear™, Tech Deck™, and the 2014 Innovative Toy of the Year Zoomer™. 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, including the hit animated preschool series, PAW Patrol™. Spin Master employs over 900 people with offices in Toronto, Los Angeles, London, Paris, Hong Kong, Mexico City, Munich, and Milan. For additional information please visit: www.spinmaster.com.

About the Canadian Youth Business Foundation

The Canadian Youth Business Foundation (CYBF) is a national non-profit organization dedicated to growing our nation's economy one young entrepreneur at a time. We look at character not collateral, when providing youth, age 18-39, with pre-launch coaching, business resources, start-up financing and mentoring, to help them launch and sustain a successful entrepreneurial business. CYBF has been recognized as a global leader in advancing youth entrepreneurship, is a founding member of the global G20 Young Entrepreneurs' Alliance (G20 YEA) and the Canadian Host of Global Entrepreneurship Week (November 18-24, 2013). Visit www.cybf.ca.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...