LATEST NEWS
January 23, 2020
Today, the 43North Board of Directors announced the appointment of Colleen E. Heidinger to President. The move for Heidinger comes after nearly five years with the organization, where she most recently served as VP of Programming Strategy and Community Engagement.
READ ARTICLE
February 21, 2020
Today, 43North hosted its second annual JobCade career fair for Buffalo-area startups and emerging businesses. More than 50 local companies, looking to fill over 400 openings, were on hand for the event. Hundreds of job seekers showed up to learn about the wide array of opportunities that included roles in sales, marketing, operations, accounting, manufacturing and more.
READ ARTICLEFebruary 7, 2020
43North – the business competition and incubator – has moved its staff members and portfolio companies into newly renovated space on the 24th floor of Seneca One Tower. That includes seven new 43North companies – the winners of prize money in its annual competition last October – and 11 companies that won 43North prizes in recent years.
READ ARTICLEDecember 12, 2019
For the third year in a row, at least 20 local startups have attracted growth-oriented financing from private sources. In 2019, the cumulative amount of money raised has already eclipsed $220 million, enabling companies to hire engineers, customer service reps, sales personnel and business executives.
READ ARTICLEFeb 25, 2020 at 7:30 am — Rowhouse Bakery and Restaurant
Have an idea or looking to do something new? Need capital, a co-founder, or a conk in the head to straighten out your idea? Back in Buffalo from time away or new to the area? Buffalo Open Coffee Club is a weekly opportunity to meet founders and contributors to the startup ecosystem.
Mar 3, 2020 at 7:30 am — Rowhouse Bakery and Restaurant
Have an idea or looking to do something new? Need capital, a co-founder, or a conk in the head to straighten out your idea? Back in Buffalo from time away or new to the area? Buffalo Open Coffee Club is a weekly opportunity to meet founders and contributors to the startup ecosystem.
Mar 11, 2020 at 7:30 am — The Buffalo Club
7:30 – 8:00 AM Registration, Continental Breakfast, Informal Networking
8:00 – 8:15 AM Announcements, Attendee Self-Introductions, One Minute Presenters
8:15 – 9:00 AM Business Plan Presentations and Audience Questions
Presenters:
Presentations contain general information about the presenting companies and are for educational and networking purposes only. Presentations do not include information or discussion of any fundraising or offering of securities.
Sky Canoe Inc. Jason Dudek, Co-Founder & CFO
Sky Canoe Inc. is a Canadian company producing one of the world’s most advanced unmanned cargo aircraft. Our unique design offers customers and communities a safer, less expensive and cleaner way to move light cargo with unmatched efficiency that can reduce logistics costs by up to 65% for our customers. Sky Canoe’s initial market is with remote extractives, isolated communities and front-line logistics (Defense). In Canada alone this market is worth 2 billion USD and is currently underserved by expensive helicopter couriers and small manned aircraft.
Having proven our design through a prototype, and with technical validation from 3 universities and independent 3rd party aerospace experts, we are now looking to commercialize. More than 50 potential customers, who describe our product as “a game-changer,” have been engaged. We have signed LOIs for the purchase of Sky Canoes with two early adopters and expect to grow rapidly. FAA and transport Canada have confirmed that regulatory requirements will not be an issue because our initial market only involves flying over unpopulated areas and airspace.
Our design is a breakthrough in a well-capitalized space. For instance, Drone Delivery Canada, a company which has neither comparable IP nor revenue, has a current market cap of $150 million on Canada’s TSX. Companies who have generated meaningful innovation in our space, such as Aeryon Labs, have been acquired for upwards of $200 million.
Sky Canoe is led by an international team with experience in business, finance, regulatory compliance and over 40 years’ experience building and flying aircraft. For more information, please visit www.skycanoe.ca
WexEnergy LLC Rachel Rosen, President, CEO & Co-Founder
WindowSkin® by WexEnergy is an affordable, featherweight transparent insulation panel that easily attaches to a windowpane interior surface. Once attached, WindowSkins immediately begin to improve comfort, increase energy efficiency, and reduce greenhouse gas emissions. WexEnergy is transforming the North American window retrofit market by delivering energy efficiency to buildings and homes. WindowSkins total addressable market is at least $185 billion. Windows are the single largest source of wasted energy in multi-story buildings. WindowSkins significantly reduce that energy waste.
Our customers and industry experts tell us that no product today approaches WindowSkins for performance, ease of use and value. Window replacement is always the most expensive and disruptive retrofit option, especially in urban areas. The typical payback on window replacements is well over 30 years, making it cost prohibitive for most landlords. In contrast, WindowSkins® deliver as much insulation as an added pane of glass at a small fraction of the cost. Installation takes only a few minutes and tenants can stay in place. No tools, no construction, no relocation.
Strong regulatory forces are creating a tailwind behind WexEnergy’s sales efforts. Legislation to reduce energy use and carbon emissions has now been passed in 23 US states and throughout Canada. An increasing number of municipalities, large corporations and institutions are also including sustainability initiatives and energy reduction targets in their mission. As its 2020 sales demonstrate, WexEnergy is gaining significant traction in the huge window retrofit market. Website: https://www.wexenergy.com
February 12, 2020
The seven prize winners – six of whom are from out of town – have formed connections with each other and have made contacts in the local business and academic worlds, thanks to introductions by 43North.
READ ARTICLEJanuary 6, 2020
Hundreds of local jobs created. Over $175M in venture capital investment. And the first tech unicorn in our portfolio (and in Buffalo). We take a look back on all that happened in 2019, as we excitedly look forward to what’s to come in 2020.
READ ARTICLE
November 21, 2019
Congratulations to ACV Auctions on your $150 million Series E raise, your $1.5 billion valuation, and your 1,000th employee! We’re proud to have you in the 43North portfolio and we can’t wait to see how you continue to grow and revolutionize the dealer-to-dealer used car industry!
READ ARTICLEThe success of ACV Auctions speaks to entrepreneurs worldwide and shouts that the history and spirit of innovation is alive and well, right here in Western New York.
READ ARTICLENovember 14, 2019
Buffalo has its first confirmed unicorn. Only this one isn’t a horse with a horn on its head. It’s a privately held startup company that has achieved a rare benchmark of being valued by investors at $1 billion or more.
READ ARTICLE
