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The investment by Bancroft is to fuel an ‘ambitious growth strategy’ utilising Rubik’s global brand-recognition to focus on growth through new channels, products and markets.

“Partnering with an iconic brand like DC is a major milestone for Spin Master and is part of our strategy to invest in successful licenses to further grow and diversify our business,” said Ben Gadbois, Spin Master’s global president and COO.

“Following the acquisition of Vivid by Goliath, we have an incredibly exciting future ahead building on a strong toy, Crayola and games portfolio supported by bolder marketing plans,” said Thomas.

Company is instead looking to bolster its educational ecosystem.

Lind won the accolade and secured £50,000 worth of funding to continue to develop his work on Stems, which is now available from Learning Resources.

The session sees Scott reveal the surprising complexity that emerges when we play a game by a few simple rules.

Taking place on Thursday 24th January in the Apex Room at Olympia, London, the event is aimed at encouraging design students to consider a career in the toy industry.

“We’re seeing an effort by the kids’ community to develop more open-ended, low-cost opportunities for play, and that’s a good thing,” said Robin Raskin, president and founder of Living in Digital Times.

The range of singing plush dolls and cubes sold out within days of being released on Amazon.com.

Categories include R&D Team of the Year, Design Agency of the Year and Toy Designer of the Year.