43North: City Building for Millions!
We all know that every single entrepreneur needs seed money to allow their ideas to take root…and grow. That’s a given, and as I just heard about this wonderful new Business Plan competition – 43North.org - I had to let our Canadian readers know about same immediately!
First, this is all about Buffalo, NY. Get that? This idea of operating the world’s richest Business Plan competiton is to build the city of Buffalo as a collateral method of putting “life” back into that city. Now that may sound odd, but if you think about it – it does make sense as I too am trying the same exact methodology with our FundHamOnt.com site to bring crowdfunding to our own Hamilton community.
But the founders of the 43North Business Plan Competition are offering up $5 million – that $5,000,000.00 in US dollars – to the winners of the Competition with a real live $1,000,000 going to the first place winner!
Here’s how they put it –
“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, and winners agree to operate their business in the Buffalo, New York for a minimum of one year.
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 31, 2014: Finalists present their plans during a weeklong series of events in Buffalo, NY
This ambitious initiative is part of New York State Governor Andrew Cuomo’s historic pledge of $1 billion in state funding to ignite economic growth in the Buffalo, New York region…”
A million dollars you’re thinking – surely there’s a catch? Nope. No catch except for the fact that you have to move to run your business idea into Buffalo…remember they’re trying to re-build that city….and by bringing in hundreds of competitors the spin-off should create new businesses and jobs…..and revitalize the whole city. Smart thinking, as I see it….
And the best news is that 43North is open to applicants ages 18 and older from anywhere in the world…..Canadians too!
So…want a chance at part of the $5,000,000 prize packages? Apply here…and I hear that there’s already 200+ applications….so DO NOT DELAY! I applied to be a judge too, but if you want some of those millions….get a move on!
And there’s a ton of press out already on this too….Google