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You’re not making my doll

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Meet the presidential candidates...in doll form

Hillary Clinton is there. Ted Cruz is there. So are Bernie Sanders and Marco Rubio.

Who’s not there in Bleacher Creatures’ newest lineup of plush dolls inspired by the 2016 presidential candidates? Donald Trump.

Bleacher Creatures is best known for its 10-inch plush figures of famous athletes like New York Yankees’ Derek Jeter, Cleveland Cavaliers’ Lebron James and the Patriots quarterback Tom Brady.

Last year it hit a home run with its Pope Francis doll (selling more than 50,000 of them) to commemorate the papal visit to the United States.

On Saturday, Bleacher Creatures will unveil its newest dolls in the likeness of political characters at the North American Annual Toy Fair in New York City.

“This is our first foray into politics,” said Matt Hoffman, CEO of Plymouth, Pa.-based Bleacher Creatures, which sells more than 1 million dolls a year.

Related: Pope Francis has arrived…as a plush doll

Hoffman said early polls determined who got a Bleacher Creatures transformation.

So why is Donald Trump missing from the group? Heck, even former presidents Bill Clinton and Ronald Reagan earned a doll.

The official explanation from the company is that Trump is a celebrity and celebrity likenesses require licenses.

presidential bleacher creatures

“We worked directly with the Trump Organization and in the end we weren’t able to get a deal,” said Hoffman.

The Trump campaign declined to comment.

Hoffman said he has a Trump doll prototype ready if the candidate changes his mind.

Related: Barbie’s new body: Curvy, tall and petite

Hillary Clinton’s Democratic rival Bernie Sanders almost didn’t make the cut.

Hoffman said the company was closely following the early polls to decide which candidates to go with.

Sanders’ virtual tie with Clinton in Iowa won him his own Bleacher Creatures doll, but too late for the toy fair.

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Bernie Sanders doll

The new political plush dolls (priced at $19.99 each) are on pre-sale on the company’s website.

He also said Clinton, whose doll wears a pant suit, could get a wardrobe change in subsequent versions of the doll.

Hoffman said the political dolls will ship to customers mid-summer, or 30 days before the Republican and Democratic national conventions.

CNNMoney (New York) First published February 12, 2016: 4:13 PM ET

These startups are heading to Richard Branson’s private island

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Founders of Bloom Technologies, Giroptic and Sphero will pitch directly to Richard Branson.

What’s it like to pitch to Richard Branson? Soon, three startups will know firsthand.

As part of the Extreme Tech Challenge, entrepreneurs from three companies will travel to Necker Island, Branson’s private island, and pitch their business directly to the titan.

Sphero, Bloom Technologies and Giroptic beat out over 1,000 other startups. Each will get 15 minutes to present to Branson and several other judges.

Pitch day is the final round of the six-month challenge, which is run by nonprofit MaiTai Global.

Related: BB-8 maker takes its robotic ball to schools

Boulder-based Sphero catapulted to fame last year with “Star Wars: The Force Awakens.”

Sphero created the pint-sized robotic toy version of the movie’s BB-8 character. It became one of the hottest toys of 2015.

But before BB-8, the six-year-old firm was quietly making waves among tech enthusiasts for its first invention : an app-controlled robotic ball.

Sphero even evolved it into a teaching tool for schools.

“This past year has been transformational for Sphero on all levels,” said CEO Paul Berberian. “Earning one of the top spots to pitch Branson is an opportunity of a lifetime for our company.”

Hands on with Sphero's BB-8 robot.

Related: Richard Branson reveals his “Aha” moment

Bloom Technologies, founded in 2014, has developed prenatal technology and put it at the fingertips of expectant moms.

The San Francisco-based startup created a wearable device that syncs with a smartphone and allows women to measure the frequency, duration, and intensity of contractions.

Giroptic, based in Lille, France, is the third finalist. It created a 360-degree camera that can record full spherical images and videos and will work with any virtual reality platform.

The three finalists will pitch to Branson, along with Google Maps co-inventor Lars Rasmussen and Samsung Electronics President Young Sohn, on February 10.

The winner will be picked that same day. All three companies will get the same prize package: mentoring from top entrepreneurs, tech and infrastructure support from IBM (IBM) and Amazon (AMZN), and the potential to raise new funding from investors at Necker Island.

However, the winner gets the bragging rights and an opportunity to be invited back to Necker Island and schmooze with Richard Branson next year.

CNNMoney (New York) First published January 14, 2016: 2:28 PM ET

You get $500K. But first you have to move to Ohio.

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Women entrepreneurs meet with JumpStart staff at a networking event in October 2015 in Cleveland, Ohio.

Ohio has a message for women- and minority-led startups: Move to the Buckeye State and you have a real shot at getting funding.

Leading the charge is Cleveland-based JumpStart, a nonprofit that invests in young tech firms.

“Part of our focus is to accelerate opportunity for women and minority entrepreneurs in Ohio,” said JumpStart CEO Ray Leach. It now wants to expand that mission nationally.

JumpStart has launched a $10 million seed fund that will solely invest in women and minority-led tech startups.

The Focus Fund will invest in about 20 companies in less than three years — ideally young companies with five employees or less. JumpStart will also take equity in the startups, although it would not disclose how much.

Each startup will get $500,000 in funding. The catch: Entrepreneurs will have to move their headquarters to Ohio to score the money.

“We do require them to move Ohio, but they don’t have to stay for any particular period of time,” said Leach. “Having said this, we believe once they come to Ohio they will not see any need to leave.”

Related: These three startups are heading to Richard Branson’s private island

Ohio already has some strong pockets of innovation. Cincinnati, Columbus and Cleveland all have vibrant startup ecosystems, fueled by top-notch accelerators and a growing pool of VC money and angel investors, said Leach.

Healthcare IT, biotech, cleantech and wearables are some of the hottest areas.

“Ohio has invested nearly $500 million in the last five years to advance its entrepreneurial ecosystem,” said Leach.

Related: A man’s world? Not to these women

Public-private partnerships, like the JumpStart Focus Fund, are part of that effort.

JumpStart, founded in 2005, has invested in 85 early-stage tech firms in Ohio. 35% of those have women or minority founders.

That amount of diversity in its funding portfolio is unusual, given that 95% of venture capital funding in the U.S. goes to male-led startups, said Leach, who’s also a member of the National Venture Capital Association’s diversity and inclusion task force.

Related: She left Iran at 14. Now she runs a multimillion-dollar U.S. firm

Leach said the Focus Fund is the largest seed fund of its kind to focus entirely on women and minority-led tech startups. (The state of Ohio is providing half of the investment, while JumpStart will provide the other half.)

JumpStart is moving quickly to find the right firms, and it expects to make the first investment in the next 90 days.

“We know there are great innovators who will bring their expertise, talents and relationships to advance Ohio’s entrepreneurial economy,” said Leach. “It is also our hope that Ohio will be better recognized as one of the most dynamic entrepreneurial states in the country.”

He also hopes that the Focus Fund will set an example for the VC industry as a whole.

“We have a long way to go to embrace diversity in this industry. But you have to start somewhere,” he said. “We want to see a ripple effect of what we’re doing in Ohio to happen across the country.”

CNNMoney (New York) First published January 20, 2016: 8:07 AM ET

How Shark Tank star made his billions

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Daymond John: Failure is crucial to success

Daymond John, best known as an investor on ABC’s reality series Shark Tank, grew up the only child of a single mother living in Queens, New York.

He would often stare out onto the Manhattan skyline at one of the city’s primary symbols of success and ambition: The Empire State Building.

Today, his company’s offices are spread throughout the entire 66th floor of one of New York City’s most famous landmarks.

“I am a product of this amazing, amazing city,” he says of New York. “It toughened me up. It made me battle tested.”

Before Shark Tank shot him to international fame, John made his fortune as the founder, president and CEO of FUBU, an urban streetwear label championed by hip hop artists. It all started with his mother’s sewing machine, and $40 in startup capital.

Related: My American Success Story – Daymond John

From $40 to $6 billion

In the late ’80s, John sensed that hip hop would be big. Voices in the black community were speaking up, and John realized he wanted to be a part of the movement.

“They were starting to communicate about their hopes, about their dreams, their aspirations, their struggles in the intercity and community. And they were communicating through this music,” he recalls.

Daymond John Shark Tank
Daymond John, third from the right, and his fellow Shark Tank hosts on stage.

The entrepreneur started designing T-shirts he believed would appeal to young, urban customers like him and his friends. He sewed the garments at night and then hit the sets of music videos, where he pitched rappers to wear his creations on film. During the day, he worked a second job waiting tables at Red Lobster.

“‘[I would] come home at night, sew shirts, wake up in the morning and deliver the shirts, then go back to Red Lobster, because I had to pay the bills,” he says. “But I also wanted to chase this dream, so I had to give up every single thing for it.”

John’s nocturnal sewing sessions ultimately turned into his full-time job. With $40 and three friends, he founded FUBU, an acronym of For Us By Us, eventually growing it into a $6 billion company.

Related: How to create a restaurant empire

That ‘special’ feeling: Priceless

Over the course of his career, the entrepreneur earned a reputation as a branding guru, working with the Kardashians, rappers LL Cool J and Pit Bull and boxer Lennox Lewis.

In 2015, President Obama appointed him as one of nine Presidential Ambassadors of Global Entrepreneurship. One of the reasons John gives back on Shark Tank is he recognizes the value in outside support.

“The key to being successful, I believe, is for somebody, or many people, to make you feel special,” he says. John values his mother, who worked as a flight attendant for American Airlines, with instilling in him a sense of self-worth that he says helped spur him on through tough times.

“I have dyslexia. I didn’t know that until 10 years ago. Mom never made me feel like that was anything. She just knew I could excel in math, I could excel in science, and if I had a challenge with reading… try, try harder. Keep trying,” he explains.

Related: Are celebrity endorsements worth the price?

No money = power?

Unlike the popular adage that you need to have money to make money, John argues that the lack of it can drive creativity, a theory he laid out in his new book, The Power of Broke.

“I realized that almost every single time I have had some level of success, money was never ever a part of it,” he says.

His entrepreneurial philosophy embraces failure as an essential part of the learning process, something he draws on when deciding which businesses to invest in on Shark Tank.

“I like to hear the failures. I want to know that I’m going to work with somebody who tried this, this and this. It didn’t work, but this is now working because I don’t want my money to be tuition,” he says.

“And if anybody out there knows entrepreneurship, they know entrepreneurs don’t just go ‘succeed, succeed, succeed, succeed.’ They go ‘succeed, succeed, fail, succeed.'”

CNNMoney (New York) First published January 21, 2016: 7:25 AM ET

Jane West – The women of marijuana

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Jane West cofounded Women Grow, a professional networking group for female cannabis entrepreneurs, in 2014.

The group’s first event had 70 attendees. Today, Women Grow has chapters in 44 cities, 21,000 newsletter subscribers and 30,000 followers on Instagram.

Related: Women cash in on the marijuana boom

“I was stunned that the industry was mostly made up of Caucasian men,” West said. “It didn’t seem right. My vision of the industry was to have more women in it.”

Recycling carbon dioxide? Liquid Light cofounder Emily Cole has pioneered technology that recycles CO2

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How this scientist is recycling carbon dioxide into a do-good gas

Carbon dioxide gets a bad rap.

Out of all the waste gases produced by human activity — manufacturing, agriculture, electricity production, transportation — carbon dioxide is the biggest byproduct and is fingered as the leading culprit behind global warming.

In fact, it accounts for 76% of all annual global greenhouse gas emissions, according to the Environmental Protection Agency.

But Emily Cole doesn’t focus on the negatives. The 32-year-old scientist has created technology that would recycle carbon dioxide into something extremely useful.

Related: Elon. Evolution

Cole is cofounder and chief science officer of Liquid Light. The startup is pioneering a process to convert carbon dioxide gas into a chemical that can be used to make consumer products.

She founded the startup in 2009 and immediately got to work developing technology to capture carbon dioxide and recycle it.

“Right now, waste carbon dioxide is captured and sequestered,” said Cole. This means the gas is collected from facilities like industrial plants or manufacturing sites, compressed in pipelines and then injected into rock formations deep underground.

emily cole 1
Emily Cole, co-founder of Liquid Light.

“Instead of storing it, we’re utilizing it and converting it into something of value,” she said.

Liquid Light is the first company that’s developed a catalyst (a combination of water, sunlight, electricity and other chemicals) to make other chemicals out of carbon dioxide.

“We take carbon dioxide from its source [like power plants or factories], add water and electricity to it, and create liquid fuels and chemicals such as ethylene glycol and glycolic acid,” said Cole.

Those chemicals could eventually replace petroleum in everyday consumer products like plastic bottles, carpets, antifreeze, even facial creams.

The benefits are manifold: “We reduce our dependence on petroleum, which is not renewable,” said Cole. “We make these products with lower carbon dioxide emissions and we can possibly lower the production costs.”

Related: These startups could change the world

Cole has a Ph.D. in chemistry from Princeton University. But her passion goes back to her high school days in Texas.

“I had a great teacher who really got me interested and excited about chemistry,” she said.

At Princeton, she collaborated with Professor Andrew Bocarsly, who had already been working on ways to recycle carbon dioxide. “His project was stalled for many years because there wasn’t a lot of interest or funding for it,” she said. But she saw potential, and worked to take his research one step further.

After graduating from Princeton, Cole attracted investment from venture capitalists to start her firm and develop the technology. (While she declined to say how much Liquid Light has raised, CrunchBase reports it has received $23.5 million in several rounds of funding.)

Related: 3D printers could soon make human skin

Liquid Light, which now has a team of 12, hopes to pilot the technology next year and then license it for commercial use.

Big companies have already taken note.

Last year, Coca Cola (KO) partnered with Liquid Light to help accelerate the commercialization of the technology. The technology is especially relevant to Coca-Cola because it could help reduce the cost of producing mono-ethylene glycol, one of the components used to make the company’s plant-based PET plastic bottles.

She said there was another “big industry name” that would soon be announcing a partnership as well.

“My dream is really that we’re able to commercialize this technology and reduce our dependence on oil,” she said.

emily cole 2

CNNMoney (New York) First published February 12, 2016: 9:15 AM ET

Lehman Brothers brand is reborn as a Scotch whiskey

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lehman brothers whiskey

Lehman Brothers is synonymous with financial catastrophe, but one entrepreneur hopes the brand will make him a fortune — as a range of Scotch whiskey.

James Green, 34, is launching three whiskies with Lehman Brothers on the label. The most popular of the range, “Ashes of Disaster,” claims to have a “wicked suggestion of burning banknotes, a hint of ripe autumn fruit about to fall.”

Lehman Brothers collapsed in the largest U.S. bankruptcy in history in September 2008, sparking the global financial crisis.

A British real estate investor, Green filed in 2013 with the U.S. Patent and Trademark Office to use the term “Lehman Brothers” for bars and spirits.

He says he’s now taking online orders for the whiskey from bar chains in London and New York.

Barclays Bank (BCS), which bought parts of Lehman Brothers, filed in 2014 to stop Green using the name. It noted, among other arguments, that the investment bank often gave “cut crystal whiskey decanter[s] etched with the mark Lehman Brothers” as gifts, which means its trademark should extend beyond banking. The filings show Barclays suspended its case in October 2015.

Barclays declined to comment.

Green told CNNMoney an outcome of the dispute is “pending” so his lawyers have told him to sell as much whiskey as he can.

“It’s full speed ahead,” said Green, who expects bartenders on both sides of the Atlantic to be pouring the whiskey within months.

Related: Drink up? Whiskey investing brings huge returns

Another of Green’s Lehman whiskies is his spicy American-made “Snapfire,” which he suggests is “perfect with reckless maneuvers, long gambles, and explosive consequences. Drink alone, if possible.”

Green is now looking for investors to help him open Lehman Brothers themed bars, including one on Wall Street. It would perhaps be the perfect place to sell the third whiskey in the range, called “Evergreen.” It is being marketed as “perfect for when fortune is with you and you are riding your luck. Tastes best when you are sitting on top of the world.”

CNNMoney (London) First published February 8, 2016: 10:34 AM ET

SafiChoo toilet could save lives in developing world communities

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jasmine burton toilet grass
Jasmine Burton helped design an inexpensive, portable plastic toilet to address the lack of basic sanitation around the world.

Everybody poops. But not everyone has access to a toilet.

“It’s shocking that this basic necessity is unavailable to nearly half of the world,” said Jasmine Burton, founder and president of Atlanta-based Wish for WASH.

Burton, 23, was a freshman at Georgia Institute of Technology when she learned that as many as 2.5 billion people don’t have access to a toilet.

It bothered her even more that this sanitation problem disproportionately affects women and young girls.

“Young girls in the developing world frequently drop out of school because there isn’t a toilet,” she said. “It angered me as a woman in higher education and as a product designer.”

Just 18 at the time, Burton channeled her feelings into a mission: She would design a toilet.

While at Georgia Tech, she collaborated with three other students to invent an inexpensive, eco-friendly mobile toilet that could convert waste into renewable energy. They called their sanitation system SafiChoo Toilet.

Related: 5 startups that are reimagining the world

Made of plastic, the toilet is designed for sitting or squatting, which is a common practice in some countries. It can be placed directly on the ground, or it can be elevated by adding an attachable base. It can also function with or without water.

The system features a waste collection unit (that can go above or below ground), which separates the waste into liquids and solids. There’s also a manually-operated bidet that can be attached.

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Jasmine Burton [center] in Kenya in May 2014 where her team did a pilot test of the SafiChoo toilet.

Burton said these features are intended to help curb contamination and the spread of diseases.

The SafiChoo toilet costs about $50. “That’s the highest price point we want it to be,” she said

Related: These startups are heading to Richard Branson’s private island

In 2014, Burton and her team won first place and $25,000 at the Georgia Tech InVention competition, the nation’s largest undergraduate invention competition.

“We didn’t think we’d win because products at the contest were always high-tech with super sexy designs,” she said. “Ours was a simple toilet.”

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Burton first tested the SafoChoo Toilet at a refugee camp in Kenya.

The win enabled Burton to pilot SafiChoo (which means clean toilet in Kiswahili) at a Kenyan refugee camp. She also launched Wish for WASH, the parent company of SafiChoo.

Related: She’s $10 million closer to replacing plastic bottles

John Zegers, director at Georgia Center of Innovation for Manufacturing, contacted Burton after her InVention competition win. “We thought it was a great product that needed a little bit more development,” he said.

The Center gave a grant to Georgia Tech to develop a SafiChoo prototype and helped Burton’s team find an Atlanta-based manufacturer.

Zegers said he hopes that Wish for WASH is able to keep the toilet a Made in America product.

Burton is currently living in Lusaka, Zambia, as she tests the toilet there. The company is also running an Indiegogo campaign to support the Zambia pilot.

She hopes to begin selling the toilet to U.S.-based customers and to NGOs in 2017.

“It’s amazing when you see how many people have never used a toilet before and what [the SafiChoo Toilet] could mean for them,” she said.

CNNMoney (New York) First published January 22, 2016: 7:55 AM ET

Robotic blocks – Drones, robots, DIY toys shine at Toy Fair 2016

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Kids don’t need to know how to code to construct robots with Cubelets.

The blocks have embedded magnets that let them snap together to form robots of any shape. Each block has a tiny computer inside it and can communicate with its neighboring block.

“This makes Cubelets unique. It is a collection of lots of little blocks, each with its own brain,” said Eric Schweikardt, CEO and founder of Modular Robotics.

The blocks have different functionalities: They might be programmed to sense light and temperature, or have little motors to help them move around.

Cubelets (priced between $157 and $500) are already available in stores.

How this STEM school is shattering stereotypes

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Dr. Ellis Crasnow (center) with students on the first day of school.

At STEM3 Academy, sticking to the norm doesn’t work.

In fact, the school was launched to do just the opposite.

“Our emphasis is on learning versus teaching,” said Dr. Ellis Crasnow, the school’s director. “Our students learn by doing, experiencing and constructing rather than just sitting in a classroom listening to a teacher.”

STEM3 Academy largely focuses on “STEM” subjects: science, technology, engineering and math). Teachers there use a “flipped classroom” model. This means that time in class is used to complete projects and homework assignments, while time at home is spent reviewing the next day’s lessons.

The Los Angeles school took an out-of-the-box approach for a specific reason: All of its students have a learning challenge, like autism-spectrum disorder, Asperger’s and ADHD.

The students are especially gifted in subjects like math and science, but have fallen behind in their social and communication skills. (The curriculum also includes traditional subjects like English, art and language.)

“As far as we know, we’re the nation’s only STEM-curriculum school for students with these needs,” said Crasnow. “Our goal is to help them realize their potential for achievement in school, in college and later in a STEM-based career.”

Related: Wanted: 100,000 new STEM teachers

STEM3 Academy is part of The Help Group, a nonprofit that runs 10 special-needs focused schools in the L.A. area. It opened as a high school with 30 students in August 2015. As word spread, Crasnow started getting calls from parents nationwide. Two months later, it added middle school. The school now has 60 students in grades 6-12.

About 75% of the students at STEM3 are placed by a district program (which pays the tuition). Otherwise, tuition is $35,000.

stem3_academy_lab

STEM3 Academy has an innovation lab that’s equipped with a CNC machine, 3D printer, CAD machines and electronics. It also offers programs in robotics, entrepreneurship and programming. Much of the learning is based on group work to facilitate social interaction (the students sit at large communal tables).

“The statistics are telling,” said Crasnow. “We know that 34% of students with these learning challenges that go on to college chose STEM majors.”

Some large companies — including defense contractor Raytheon (RTN) and aerospace and defense technology company Northrop Grumman (NOC) — have already approached the school about potentially working with the students.

Related: The most innovative schools on America

Terry Whiteside’s son Cullen is a junior at the STEM3. He was previously in two other schools in The Help Group’s network. Whiteside said Cullen, who has autism, is gifted in math and programming, but struggled socially before coming to STEM3.

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STEM3 Academy students in the Innovation Lab.

“It’s been a big change,” she said. “Before he wouldn’t talk much about his day. Now he comes home and has conversations with me about what he did at school.”

Related: This is how you make math fun

She compared this to his performance growing up — his standardized test results were poor, even though she knew how bright he was.

“What’s so amazing to us as parents is how far Cullen has grown since we started the educational journey,” she said, adding that he tested in the 99th percentile of the PSAT and has had interest from several top-rate colleges.

Cullen symbolizes what STEM3 Academy is trying to achieve.

“The stats regarding the post high school success of students with special needs is very poor. 80% to 90% of them are unemployed or underemployed,” said Crasnow. “These are horrific numbers and our goal is to change them.”

Crasnow said STEM3 Academy will become a K-12 school by the end of the year.

“We want our students to be able to stand side by side with their typical peers after they graduate,” he said.

CNNMoney (New York) First published February 9, 2016: 8:10 AM ET

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