Judges will score each application based on the following criteria:
43North typically invests in pre-seed and seed stage startups – those that have already raised third-party capital before our competition, and have revenue or a clear path to revenue within the next 12 months. We’ve invested earlier and later, but this is our sweet spot.
Our mentorship and programming is catered specifically towards helping portfolio companies scale their sales, marketing and fundraising operations, so we’re looking for companies that have some serious skin in the game and proven traction.
The application period is currently closed.
Does an investment of up to $1 million sound good to you? How about mentorship, incubator space, recruiting and marketing support, connections to investors, and an opportunity for follow-on funding? Then you’ve come to the right place.
Need some more convincing? Check out this blog post.
The application period is currently closed.
Yes. 43North takes a 5% equity stake in each winning company. You can read up on the Award Agreement here.
Our winners are required to relocate 50% of their staff and their CEO to Buffalo for a minimum of 12 months. Please note that commuting does not count as relocation – you are required to have a residence within a 30-mile radius of the Niagara Power Project. But don’t worry, we offer lots of programming and activities to get you rooted in our community!
In addition to the investment, 43North winners receive free incubator space in Buffalo, mentorship from experts related to their fields, and access to other exciting incentive programs. Please see our Terms and Conditions for more information.
Our next class of winners will set up shop in Buffalo in January, 2020.
Yes! 43North is open to applicants from anywhere in the world, and we’ve had companies from as far away as Israel and Taiwan receive investment.
We do accept solo founders, but please understand that our expectations will be as high (if not higher) than that of companies with multiple founders. You will need to prove that you have a diverse skill set to handle all facets of a business, that you are resilient during the toughest challenges, and that you are committed to building a strong team around you in Buffalo. We’ve had teams with one founder succeed tremendously in our program, so it definitely can be done! Just know that we will set the bar higher for you, as we understand the ups and downs of growing a startup – especially when you have a small team.
If you apply by the Preferred Deadline, the cost is $50. Applications submitted after that date have a cost of $100.
Simply put, we’re looking for startups that are serious about their companies and our competition.
If you cannot afford our application fee for any reason, please let us know at [email protected] and we’ll work it out.
Our apologies for any inconvenience, but we’re here to help! Please send an email describing your issue to [email protected].
Yes! The competition is open to applicants from previous years, and a few of our winners applied a couple of times before becoming a winner. You can also copy over many of your answers from last year’s application – simply use the same login credentials and your answers will auto-populate.
The following businesses are not eligible for the Competition:
(1) retail businesses with brick and mortar storefronts,
(2) residential real property business,
(3) investment vehicles that invest in the securities of other entities,
(4) sports venues,
(5) gaming and gambling businesses,
(6) places of overnight accommodation,
(7) past 43North cash-prize winners ,
(8) entertainment-related establishments.,
(9) single-purpose entertainment or event productions (e.g. movies, albums, concerts)
For this purpose, “retail business” means a business that is primarily engaged in making retail sales of goods or services to customers who personally visit such facilities to obtain goods or services. In addition, generally excluded are the following: buy-outs, roll-ups, real estate syndications, tax shelters and franchise-based outlets.
There are 3 rounds of judging: an online written application, a live video pitch, and our in-person Finals in Buffalo.
43North has a team of judges from throughout New York State and the United States who are experts in various fields.
No, you may not be both an applicant and a judge in the same competition year.
No. Due to the sheer number of submissions received by 43North, none of its staff, agents, including judges, or assigns will enter into any confidentiality or non-disclosure agreement. Please thoroughly review our Terms and Conditions before entering 43North.
43North will cover hotel rooms and flights for all the finalists.
Over the past 6 years, our accelerator program has evolved into so much more than a check for $500K or $1M. In addition to receiving investment, you get:
43North was established to help create a culture of entrepreneurship in Buffalo, NY and grow the local business economy. Since 2014, we’ve invested in 44 portfolio companies that have gone on to create more than 525 local jobs, raise an addition $240M in venture investment, and achieve a total valuation of more than $800M. But we’re just getting started.
Through a partnership with Techstars and countless organizations in our community, we are working together to build a startup ecosystem that rivals larger cities – but with affordable access to talent and real estate, and a community that is here to support you.
The 43North team comes from a wide range of industries and backgrounds, including finance, politics, HR and recruiting, multimedia, digital marketing, national events, and mergers and acquisitions. As long-time Buffalo residents, we have built up an extensive network with the area’s largest and most esteemed brands, so whether you’re looking for new customers, suppliers, partners, or vendors, we can connect you with the right people to help you scale. And if you’re looking for something to do in your free time, we have a team dedicated to events and quality of life – so you’ll always have a new restaurant to try, concert or sporting event to attend, or outdoor activities to participate in (all year round)!
There is never a shortage of things to do around Buffalo, no matter the time of year. In the warm weather months, there are food and art festivals nearly every weekend, live music at outdoor venues, a vibrant waterfront, and tons of parks and bike paths. And when the snow begins to fall, you’ll find us skiing and snowboarding at places like Holiday Valley, sledding at Chestnut Ridge Park, and ice skating at Canalside.
We’re also very devoted to our professional and minor league sports teams, the Buffalo Bills, Buffalo Sabres, Buffalo Bandits, and Buffalo Bisons. If the arts and architecture are more your thing, you’ve come to the right place. Frank Lloyd Wright left his mark on buildings around Buffalo, the Albright-Knox Art Gallery is home to world-class modern and contemporary art, and Frederick Law Olmsted created the beautiful parks around the area. Add to that a diverse and delectable food scene (far beyond chicken wings) and a friendly vibe, you’re sure to fall in love with Buffalo.
Please contact Peter Burakowski, VP of Marketing & Organizational Strategy, at [email protected] or (716) 259-2838.