University of Toronto student named student entrepreneur provincial champion
February 18, 2011
TORONTO, ON — Donny Ouyang, Owner of Kinkarso Tech Ltd. and full-time student at the University of Toronto, has been named a 2011 Student Entrepreneur Ontario Champion. Student Entrepreneur is a national competition operated by charitable organization, Advancing Canadian Entrepreneurship (ACE) and proud program supporter, CIBC.
Started in 2007, and currently only 18 years old, Donny has owned and operated Kinkarso Tech Ltd. — a web consulting company that develops for-profit Internet startups. Their flagship startup is Rayku.com, a peer micro-tutoring platform that allows students to share and ask for education help in real time. Once connected, the users are immediately placed in a live shared whiteboard environment, where the concepts in question can be communicated in a live chat setting.
“I have always wanted to realistically make the world a better place”, said Ouyang, “Winning this award means so much because it confirms to me that I have taken the right steps.”
Donny’s largest business accomplishments to date include being the 2010 Global Student Entrepreneur Award recipient in the high school division
— a first for a Canadian, selling all assets within Kinkarso Tech to privately fund Rayku.com, and earning a six-figure revenue even before he started his University career.
“With today’s ever changing economic situation, ACE is proud to continue its work developing leaders, creating connections and building a better Canada”, explained Amy Harder, President of ACE. “We are confident that our 2011 Student Entrepreneur Provincial Champions will make meaningful contributions to the country and its economy for years to come.”
As a provincial champion, Ouyang will now move on to represent Ontario in the regional round of competition taking place at the 2011 ACE Regional Exposition in Toronto on March 18, 2011. Provincial Champions will each present their business to a panel of entrepreneurs and industry professionals who will determine two Regional Champions, who will each receive a $1,000 cash prize and move on to the final round of competition at the 2011 ACE National Exposition in Toronto on May 11, 2011. The National Champion will receive a $10,000 cash prize and have the opportunity to represent Canada at the international level of competition, the Global Student Entrepreneur Awards.
ACE is a national, charitable organization that is teaching and igniting young Canadians to create brighter futures for themselves and their communities. ACE delivers a team-based program called Students In Free Enterprise (SIFE) and an individual-based program, Student Entrepreneur.
ACE students created 540 jobs, logged 273,000 volunteer hours and directly impacted 114,000 people in the past year alone. In the past three years, students have generated over $80,000,000 in economic opportunity. ACE is currently established on over 55 post-secondary campuses across Canada.
CIBC became a founding corporate sponsor of ACE in 1995 and has sponsored the Student Entrepreneur Competition since its inception in 1997.
For more information, please contact:
Communications Consultant, ACE
Kinkarso Tech Ltd.