Here's Your Chance
Inventors go toy-to-toy for development dollars.
By Don Debelak •
Opinions expressed by Entrepreneur contributors are their own.
Calling all toy inventors: On September 11, Haystack Toys willstart its second annual Great American Toy Hunt. St. Louis,Missouri-based Haystack Toys Inc. will be hitting Dallas, Denver,Miami, Los Angeles, New York City, San Francisco, Seattle and St.Louis in search of the next big idea.
Up to 10 winners will receive a 5 percent royalty, $5,000advance and a commitment to spend $50,000 to help develop the idea.Competition will be fierce: Dan Lauer, toy inventor and HaystackToys' founder, expects 12,000 entries. But here's a tip:Lauer isn't looking for board or video games; he's on thehunt for large, tactile toys that encourage imaginative play. Oneof last year's winners was the CuddleFish, a stuffed toyinvented by Frank Young and Liz Farley of Mound, Minnesota, thatmakes underwater noises.
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