It’s hard to believe, but year four of the 43North competition is here! Buffalo has seen quite a few exciting changes since we launched our first competition in 2014. The growth of the Buffalo Niagara Medical Campus (where you’ll find our incubator!), the development of our waterfront, and an 8% rise in the millennial population are just a few ways Buffalo is a city on the rise.
And we’ve changed a lot, too. There are now 29 companies that can call themselves 43North winners, hailing from across North America and as far away as Taiwan and Israel. It’s undeniable that the startup community is gaining traction in Western New York.
So what’s new for year four? We’re excited for the next class of startups to join us in Buffalo, and we’ve made the incentives even better.
To start, 43North’s cash prizes are sweeter than ever.
In addition to our $1 million grand prize, we have increased our second place prize to $650,000 and added a third place prize of $550,000. We also have five prizes of $500,000 each, and the startups that stand out the most during their first year in Buffalo will have a shot at an additional $300,000 in follow-on funding.
But the 43North competition goes far beyond the prize money. We want our winners to have all the resources they need to succeed at their fingertips, and that includes a top-tier mentor in their industry. Each company is paired with an Adviser who has an established professional network and a level of expertise to help them get through the challenges they may face as they scale. These one-to-one relationships are critical to the effectiveness of the 43North program, and ultimately to the startup’s growth in its early years.
In addition to these mentor relationships, we recently introduced an online platform for our winners to attend workshops, consult educational resources, and collaborate with fellow winners and the 43North team. Events are held regularly in our incubator space, and address a variety of topics related to entrepreneurship.
So, What Are You Waiting For?
The 2017 43North application period is officially open, and startups have until May 24, 2017 at 11:59pm EDT to apply. Whether you’ve applied before or this is your first time checking us out, you won’t want to miss out on this year’s competition.
The stakes are even higher, with an enhanced prize structure and established mentorship program. There’s never been a better time to be in Buffalo, so if you’re ready, we’re ready to learn more about you!
Apply today at this link.