The CompetitionThe Early Admission application period will be open soon!
A little about us:
We are the $5 million startup competition based in Buffalo, NY. We’ve crowned 37 winners since coming on the scene as part of Governor Andrew Cuomo’s Buffalo Billion initiative in 2014. Since winning 43North, our companies have gone on to raise more than $70 million. See our portfolio here.
The basics of the competition:
Each year, our winners receive a cut of $5 million in cash. Our awards are:
- One grand prize of $1 million
- Six $500,000 prizes
- $1 million in follow-on funding (to be awarded at the end of 2019)
Our winners also receive:
- 12 months of free incubator space
- A boatload of marketing exposure
- Freedom from New York State taxes for 10 years
What target criteria does 43North have for companies?
We generally look for companies that have raised $500,000 or more and that have three or more team members. Many of our past winners are graduates of other incubators or accelerators.
That said, if you have an incredible startup that falls outside this description, we want to know about you.
There are a few things we can’t budge on, though:
- If you become a winner of 43North, you must:
- Provide 43North with 5% equity in your company, in the form of a warrant
- Agree to locate your CEO or 50% of your staff in Buffalo for at least 12 months
- The following businesses are not eligible for the competition:
- Retail businesses with brick and mortar storefronts
- Residential real property business
- Investment vehicles that invest in the securities of other entities
- Sports venues
- Gaming and gambling businesses
- Places of overnight accommodation
- Past 43North cash-prize winners
- Entertainment-related establishments
- Single-purpose entertainment or event productions (e.g. movies, albums, concerts)
Please give our Terms & Conditions a good look to make sure everything matches up.
The benefits of applying with Early Admission:
We like companies better when they don’t procrastinate with their applications. Plus, you’ll save $50 off our regular $100 application fee if you submit your application before March 31, 2018 at 11:59 pm EDT.
2018 competition calendar:
- Early Admission Application Period: Ends March 31, 2018 at 11:59 pm ET
- General Application Period: April & May 2018
- Judging: Spring & Summer 2018
- Finals: October 2018
- Winners move to Buffalo: Early 2019
Ready to apply? The application period will be open soon!