43North, a Buffalo, New York-based startup competition awarding $5 million in prizes, announced Fredericton-based SomaDetect as the $1 million grand prize winner.
On top of being the grand prize winner, SomaDetect — a sensor that helps farmers measure milk quality —
also received an additional $10,000 for being the people’s choice award winner. Toronto-based Suncayr, a smart indicator of UV light that notifies users when to reapply sunscreen, received $500,000 as a finalist.
“43North is one of the true symbols of the transformation that has taken place over the past six years because of Governor Cuomo and the Buffalo Billion,” said Lieutenant Governor Kathy Hochul.”A region once defined by its place on the rust belt is now a hub of innovation, one that is rapidly becoming a national destination for start-ups and young, creative entrepreneurs with a vision for the future. I congratulate tonight’s winner and look forward to watching their success stories, and Buffalo’s, continue to unfold.”
The eight winners in the competition get free incubator space in Buffalo for one year, guidance from mentors, and access to other business incentive programs.
“43North continues to drive Buffalo’s resurgence by showcasing the breadth of opportunity and resources available in Western New York and attracting top-notch entrepreneurs and businesses from across the globe,” said Buffalo governer Cuomo said. “We welcome these forward-thinking, creative men and women to New York and look forward to all of the 2017 43North winners supporting the continued growth of Buffalo’s economy.”