Behold the world's largest business idea competition. Eyes on the $1 million prize. Come and collect your cash ...
With $5 million in cash prizes, including a top award of $1 million, six $500,000 awards and four $250,000 awards, 43North is setting out to turn the best new business ideas from around the globe into reality.
Winners also receive free incubator space for a year, guidance from mentors related to their field and access to other exciting incentive programs.
43North is open to applicants in any industry, with the exception of retail and hospitality. Winners agree to operate their business in the Buffalo, New York for a minimum of one year and provide 43North with 5% non-dilutive equity in their company.
The competition includes three rounds of judging:
1. Feb 5, 2014 to May 31, 2014: 43North accepts applications via 43North.org – apply here.
2. Sept 15, 2014 to Sept 20, 2014: Semifinalists present their plans via webinar
3. Oct 27, 2014 to Oct 30, 2014: Finalists present their plans during a weeklong series of events in Buffalo, NY
43North is part of New York Governor Andrew Cuomo’s Buffalo Billion initiative, which is driving new economic opportunities throughout Buffalo and Western New York. The competition operates through the support of New York Power Authority and Launch NY.
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Via Justin Jones, Marc Kneepkens