Spinning Your Entrepreneurial Ideas Into A Career: The Spin Master Innovation Fund


If you are one of those people who has an idea incubating, but you’re not quite sure how to get it to hatch, this article will look at just how you can make your ideas a reality!

For the second consecutive year, the Canadian Youth Business Foundation (CYBF) and Spin Master are partnering up to offer financing, mentoring, innovation workshops and more to young entrepreneurs through the Spin Master Innovation Fund (SMIF).

So, let’s be like an enzyme and break it down a bit further:

Canadian Youth Business Foundation

CYBF is a national charity dedicated to “growing Canada’s economy one young entrepreneur at a time”. They provide youth with endless resources, financing and mentoring in order to help them not only launch, but sustain a successful entrepreneurial business.

TalentEgg founder Lauren Friese actually started her company with the help of CYBF more than four years ago – it works! Visit www.cybf.ca to learn more!

Spin Master

Spin Master is recognized as a global growth leader within the toy industry. As a multi-category children’s entertainment company, Spin Master has been designing, developing, manufacturing and marketing consumer products for children around the world and is known for award-winning brands such as Air Hogs, Aquadoodle and Tech Deck. Who doesn’t love skateboarding with their fingers?

Put these two things together and you’ve got…

The Spin Master Innovation Fund

CYBF and Spin Master are awarding up to 10 young entrepreneurs start-up packages of up to $50,000 in financing and a personally-matched mentor from CYBF’s world-class mentoring program. Following the application process, a selection of candidates will be invited to pitch their innovating enterprise to a panel of Spin Master executives and industry leaders.

Furthermore, recipients will get an all-expenses paid trip to Toronto to attend a two-day Innovation Launch Pad Workshop as well as the opportunity to attend a specialized Acceleration Workshop six months later to reconnect with the Spin Master Innovation Fund peer group.

Awane Jones, 2011 recipient of the Spin Master Innovation Fund, speaks to the benefits of this program, stating,  “The Spin Master Innovation Fund provided us with the most intense learning I have ever experienced as an entrepreneur and the essential funding we needed. I would highly recommend the program to young business people who want a program that thinks outside of the box and places real value on real world education.”

If you are innovative, passionate and equipped with a sound business plan, this resource is definitely worth a second glance. It could help you hatch your career as an entrepreneur, just like it did for Lauren!

Apply by visiting the Spin Master Innovation Fund page on CYBF’s website. All applications must be received by May 10, 2012.

About the author

Leah Ruehlicke works in video production, living in a tiny apartment in Toronto with bad water pressure and an amazing book collection. Follow her on @LeahRuehlicke.