Spin Master and CYBF announce Spin Master Innovation Fund

Today Spin Master Ltd. announced the launch of their new 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.

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. 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.