Application Deadline: June 24, 2015 at 11:59 p.m. EDT.
Eyes On the Million Dollar Prize
Think your startup is ready to take on the world? Here’s your chance to prove it
43North gives out $5 million in cash prizes each year to some of the best and brightest entrepreneurs and startups from around the globe.
43North is the world’s largest business idea competition, awarding $5 million in cash awards, including a top prize of $1 million, to the best startups and entrepreneurs from around the world. With an unsurpassed prize purse of $5 million, 43North is looking for innovative, ambitious startups with scalable business ideas.
43North is part of New York Governor Andrew Cuomo’s Buffalo Billion initiative, with support from the New York Power Authority.
Eligibility Requirements:
- 43North is open to applicants ages 18 and over, from anywhere in the world, in any industry, other than retail and hospitality.
Eligibility and Applications
To be eligible, applications shall include, but not be limited to, the following information:
a. executive summary of the business;
b. biography or biographies of the management team;
c. mission statement;
d. business objectives;
d. market overview;
e. business case; and
f. projected capital requirements and two-year projected financial budgets (together with two years of
historic financial statements if available), and such other information as requested by 43North.
g. Applicants whose business is based upon proprietary technology or methods shall provide a statement
describing the basis for their rights in such proprietary technology or methods (ie: the applicant invented
the technology or has a license for such technology).
Nature of Businesses
The Competition focuses on applicants that intend to become operating companies. All applicants must be seeking outside equity capital in addition to the awards to be awarded in the Competition. Companies that intend to license technologies from universities or research labs are encouraged.
Benefits:
- Award of one $1 million grand prize, six $500,000 prizes and four $250,000 prizes.
- Winners also receive incubator space for a year, mentorship, tons of marketing exposure and access to START-UP NY, which offers freedom from state taxes for 10 years.
Application Procedure:
Before entering, please read the Terms and Conditions. Here are two key points to remember:
- Winners agree to locate in Buffalo, NY for a minimum of 12 months. From food trucks to some of America’s greatest art and architecture, learn why you’ll love this place as much as we do.
- 43North also takes a 5% equity stake in each of the winning companies.
Submit Your Application Now for the 43North Business Idea Competition 2015
For More Information:
Visit the Official Webpage of the 43North Business Idea Competition
