"43North" will award $5 million to attract startups to Western New York

Gov. Andrew M. Cuomo today announced the launch of the largest business competition in the U.S. Details for the Buffalo competition, as well as its new brand, 43North (www.43North.org), were revealed at a press conference at One Canalside, a newly rehabbed building overlooking the transformative new construction along Buffalo's waterfront.

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 Cuomo's "Buffalo Billion" initiative, which is driving economic development throughout Buffalo and Western New York.

"For the past decade, Buffalo has slowly and steadily been on the move - you can see it in our skyline, in new, burgeoning neighborhoods like the Medical Campus and Larkinville, and in the organic growth of our business community with exemplary leadership from Eric Reich of Campus Labs, George Chamoun of Synacor and Ashok Subramanian of Liazon," said 43North Steering Committee Chairman Jordan Levy. "Our city is ready for the next phase in growth and development. I'm excited to be part of the movement that is bringing entrepreneurs to our community and making Buffalo a place where startups are welcomed and encouraged."

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