$5 Million up for Grabs at Buffalo’s Premier Startup Competition on October 10

Governor Kathy Hochul today revealed the 16 semi-finalists for the 10th annual 43North startup competition, marking a decade of investing in innovative companies and fostering entrepreneurial growth in Buffalo, New York. These semi-finalists will converge in Buffalo on October 10th to pitch their game-changing ideas, competing for one of five $1 million investments and the chance to scale their businesses in one of the nation’s fastest-growing startup ecosystems.

This year's semi-finalists span a diverse range of industries, including edtech, fintech, AI, foodtech, healthtech and more. The selected companies hail from across the U.S., including San Francisco, Austin, New York City and Boston. The semi-finalists also include three Buffalo-based companies.

“43North's startup competition continues to attract the brightest and most innovative entrepreneurs from around the world, solidifying Buffalo and Western New York as a dynamic hub for startup growth,” Governor Hochul said. “As we celebrate a decade of commitment and impact through New York State’s support for 43North and initiatives aimed at bolstering innovation, like the CHIPS and Science Act, we are doubling down on our investment in economic development. Congratulations to all the semi-finalists, and we look forward to seeing them compete in Buffalo on October 10th as they aim to elevate their businesses to new heights.”

Narrowing down the hundreds of applications to just 16 semi-finalists was no small task. A panel of over 60 investors and industry experts from across North America rigorously reviewed applications, engaged with founders and aided in selecting this year's top contenders. These semi-finalists are competing to join a remarkable group of past winners who are driving economic growth in Buffalo and the region, creating jobs, and shaping the future of our community.

The 43North business accelerator is funded by New York State and receives support from Empire State Development to operate competitions. Following a successful return in 2023, the $25,000 People’s Choice Award, sponsored by Highmark Blue Cross Blue Shield, will once again be decided by a live audience vote during the finals event on October 10.

Buffalo's reputation as a thriving startup city continues to grow, with 43North playing a pivotal role. The accelerator doesn’t just offer funding; it provides mentorship, office space, access to a wide network of investors, and resources that help startups scale effectively. Over the past decade, 43North has invested in 69 companies, 52 percent of which have remained in Buffalo. The portfolio features 50 percent of companies led by founders of color and 26 percent led by female founders.

Read the full press release here.