Start-up Financing | June 16, 2014
For an innovation business in the pre-start-up phase, the Spin Master Innovation Fund is a must!
When we launched , my partner Guillaume and I were two ambitious graduates in mechanical engineering with an invention in our hands. We had already received support from a business incubator in Sherbrooke (Québec) but our participation to the Spin Master Innovation Fund pushed us to move things even further. It compelled us to complete our business plan and develop a functional prototype only a few weeks after the incorporation of our business. Finding out that we were selected to pitch our business (in English) in front of Spin Master’s executives brought excitement and concern at the same time! During our presentation in Toronto, the friendly atmosphere created by the panel helped us tremendously in explaining our vision, the business opportunity we were tackling and the challenges that we were about to face.
The experience offered by the Launch Pad was very memorable. Many of our friends envied the all-expense paid trip to Toronto! On the first day, we had a meeting with the other winners of the competition and a speed dating-style session with the Spin Master executives.. We also had the opportunity to talk to the VPs of Spin Master and get answers to most of our outstanding questions.. A dinner with the Spin Master Innovation Fund recipients and the Spin Master executives concluded the day and offered a great opportunity to create ties with our new entrepreneurship ‘family’.
On the last day, we participated in a workshop on creativity. It was a great experience where Guillaume and I learned different exercises to stimulate creativity and innovation – the very essence of our company. To this day, we continue to apply some of these concepts in our day-to-day work.
Thanks to the team at Futurpreneur Canada and Spin Master for making it all happen!
Charles Sevigny, CEO & Co-Founder, GCS Medical