From Far and Wide, Here are the 43North Finalists
Thursday, October 16, 2014
Source: Buffalo Business First
43 North organizers announced the 11 finalists Thursday, all of which will receive a cash prize at the Oct. 30 finale at Shea's Performing Arts Center.
The business competition — a Buffalo Billion projects funded by proceeds from the New York Power Authority — will give out a $1 million top award, six $500,000 prizes and four $250,000 awards. In return, winners give up 5 percent non-dilutive equity in their company to 43North and agree to operate their business in Buffalo for one year. Most are expected to be sited in an incubator developed specifically for the competition at the Thomas R. Beecher Jr. Innovation Center.