ALBANY, N.Y. -- A competition, 43North, will award $5 million to attract startups and create new economic opportunity in New York.
The competition, named after the latitudinal line that runs through Western New York, features $5 million in cash prizes, with a top prize of $1 million, and is part of Governor Cuomo's Buffalo Billion initiative, which is driving new economic opportunities throughout Buffalo and Western New York.
"We are calling entrepreneurs to pitch their business plan to us, and in response, we will provide mentoring and other services to help turn their idea into what can potentially be a real business. 43North is a win-win for both aspiring entrepreneurs and the region, providing important capital to winners of the competition and creating new economic opportunities for Western New York," said Governor Cuomo.
43North is open to applicants ages 18 and over from anywhere in the world in any industry, with the exception of retail and hospitality. Winners must agree to operate their business in Buffalo, New York for a minimum of one year.
For more information on the competition visit 43North.org