- Associated Press - Thursday, March 26, 2015

BUFFALO, N.Y. (AP) - A contest meant to bring new businesses to Buffalo is kicking off its second season.

Organizers launched this year’s 43North competition on Wednesday, promising $1 million, incubator space and mentoring to the winning entrepreneur or business startup and prizes of $500,000 and $250,000 to finalists.

The competition, named for the latitude of Buffalo, is part of Gov. Andrew Cuomo’s Buffalo Billion initiative to drive economic growth in the region. Its launch last year attracted nearly 7,000 entries from 96 countries, but it was a hometown entry, metal manufacturing company ASi, that won the top prize.

The competition is broken down into three rounds, with the winners to be announced in October.


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