43North, World’s Largest Business Plan competition is on a hunt for 11 startups from across the globe. The selected batch will enjoy cash grants, support, mentorship, incubator space and lot more. The top 11 business ideas put forward during finals week in Buffalo, October 27-31, 2014, will receive these cash awards.
In support with Inc42 Magazine, TLabs, the startup accelerator and part of Times Internet, is hosting team 43North, on 6th May, to help them reach startups in India, click here to register for the MeetUp.
To educate startups more about this program , we caught up with Andrew Pulkrabek, Executive Director, 43North who shared briefly about the competition, criteria of selection, how funds are managed and what brought them to India.[Edited Excerpts]
Inc42: Tell us briefly about 43North?
Andrew: 43North is the world’s richest business idea competition. There are 11 cash and benefits awards available, totaling $5MM (USD), to applicants at all stages of development and in virtually any industry from anywhere in the world.
Inc42: You guys are giving $5Mn of cash prize, so have you raised this fund or how is it structured?