Applications are now being accepted for the third annual 43North startup competition. New York state is offering $5 million in prizes to help entrepreneurs turn their dreams into reality.

Buffalo Mayor Byron Brown points out that it’s “the largest business idea competition on the planet.” And Brown says it makes it easy to market and sell Buffalo.

(L-R) 43North Exec. Dir. John Gavigan, Lt. Gov. Kathy Hochul, NYPA Chairman John Koelmel, and Buffalo Mayor Byron Brown kick off the third annual 43North competition in Buffalo on Friday.

“I can tell you now, we are hearing from business people almost every day who are looking at making investments in the city of Buffalo. And it’s not just business people in the city, or the region, but across the country and literally across the globe.”

As many as 20 entrepreneurs from around the world will be invited to Buffalo to pitch their business plan. The grand prize is $1 million. The runner up will receive $600,000. And six others will each be awarded $500,000.

Applications are due by May 31.

**Click here to view the original article.**