Review on 43North by Douglas Cachazo
43North: Financing entrepreneurs directly and indirectly.
A project of the type called incubators aimed at financing and guiding entrepreneurs who plan projects with a view to settle in the city of Buffalo, the second largest city in the state of New York in the United States, the idea comes from the governor of the city to promote jobs and sustained and sustainable economic growth for the city, to be a hub of growth in new innovative technology companies,
Although it is open to any entrepreneur in the world whether teams or individuals, the acceptance to have the assistance is conditioned to be at least in fifth place in the annual competitions that take place to enter the project and get their benefits, the award is for the 5 best projects, projects must meet certain requirements such as being technological, research, The projects must meet certain requirements such as being technological, research, provide solutions either in health, education, in short there are regulations for projects to enter the competition, but even if you are among the top 5 places you must comply with the essential condition of moving your venture and entrepreneurs to the city of Buffalo, the stay must be at least 1 year, but the benefits are high, funding from major companies associated with the project, advice by senior mentors,
The project not only guides you to be successful and gives the necessary funding but also channels partnerships with other important companies established in the city. That is something important. If you have a project in mind even if you are a solo and it meets the requirements and profile of entrepreneurship, you can try to enter in competition, nothing is lost by trying.
Pros
- Good number of incubated companies
- Great support for success in case of being accepted
- Generates jobs in that locality.
- Initiative that should be applied in other places
Cons
- Very low chances of acceptance.
