43North

With $650M bet, Cuomo all-in on life sciences

By GREGORY ZELLER // New York has launched a “groundbreaking” $650 million initiative to support life-science industries across the state. The initiative, announced Monday, will offer investment capital, operating support and tax incentives to companies dabbling in biotechnology, pharmaceuticals and life-systems tech, as well as “organizations and institutions that devote the majority of their efforts to the various stages of research, development, technology transfer and commercialization,” according to Gov. Andrew Cuomo’s office. Included in the…


Boston wins big in Buffalo biz contest

Oncolinx, a Boston startup that develops cancer immunotherapies known as antibody-drug conjugates, was the $1 million winner in this year’s running of the 43North business plan contest in Buffalo. The contest, which calls itself the richest business plan contest in the world, also awarded $600,000 to a runner-up and $500,000 to six other finalists. One caveat: Winners have to agree to relocate to Buffalo for one year to claim their prize. Oncolinx, which targets cancer cells…


Auto app wins Buffalo’s $5M biz contest

Buffalo’s ACV Auctions was the grand prize winner of this year’s 43North business plan competition, which bills itself as the richest biz contest in the world. And maybe it is: ACV won $1 million, with another $4 million going to top winners, including three Canadian firms that have agreed to move to Buffalo for the minimum one-year stay stipulated by the rules. Other winners are from Israel, Virginia and Boston. ACV is a live wholesale…


Buffalo biz plan contest attracts thousands

New York’s 43North business plan contest received a record 3,000 qualified entries seeking a shot at big bucks, free incubator space and mentorship. The downside: You have to set up shop in Buffalo. Nonetheless, more than 11,000 entrepreneurs signed up for the second running of the program, a 64 percent jump over 2014. Entrants came from all 50 states, nine of the 10 Canadian provinces and 117 countries. Sectors included software development, web and mobile technology,…