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Sep 7, 2011 - 2 minute read - Comments - business news

CYBF Spin Master Innovation Fund Winners Announced

From Rick Spence writing in FP Entrepreneur

  • Christopher Kang of Toronto-based Hygennia engineered a plastic nozzle that transforms a plastic water bottle into “a personal, portable bidet.” It’s targeted to Islamic consumers who follow strict sanitary guidelines, and to millions of Canadians suffering from irritable bowel syndrome.
  • Montreal-based Monumental Technologies has devised an application that lets musicians and bands create their own smartphone apps to sell their music and connect with fans.
  • Jellyfish Marketing of Laval is patenting a line of 3D puzzles called Puzzter, and already has licensing deals with the NHL and its players’ association.
  • Waterloo-based Goosechase Adventures is replacing “expensive, outdated team-building activities” with smartphone-driven scavenger hunts that reinvent the team-building process, reducing costs and offering real-time stats and feedback.
  • Kitchener, Ont.-based NoteWagon has developed an incentive-based platform to encourage university students in Canada and the United States to share their class notes. It launches this month on 25 campuses.
  • Montreal entrepreneur Louis Cleroux used a local investor-matching service called Fundica to raise $175,000 for Cravio Games, which sells “hard-core” war games for the mobile market.
  • Charles Sevigny and Guillaume Chauvette of GCS Medical Inc. in Sherbrooke, Que., are mechanical engineers who make and market surgical tools for orthopedic surgeons in Canada and the United States.
  • Three entrepreneurs in Vancouver formed Domo Enterprises to lead “the reincarnation of tea.” They sell their powdered mix in 23 grocery stores, and need the $50,000 to ramp up production so they can supply more retailers in Canada and Asia.

There are some interesting ideas on this list. It’s nice to see people pursuing businesses in a diverse set of industries. Hopefully the contest organizers will report the progress of these businesses as they go through their development. Not all will be successful, but there are lessons to be learned from the failures as well.