The fourth annual 43North startup competition concluded this past weekend, and Velocity was well represented. 43North is a startup competition hosted in Buffalo, New York, and awards $5 million of funding to competitors from around the world. Winners also receive free incubator space in Buffalo for one year, and guidance from mentors.
Among this year’s 8 finalists were Velocity companies Suncayr, who received $500,000, and Qidni Labs, who received $550,000 and placed third in the competition. The startups have been competing in 43North for close to a year, participating in three separate rounds of judging.
Suncayr has developed a high tech sticker that changes colour to indicate when sunscreen has worn off, helping you safely enjoy the sun. The paediatrician and dermatologist tested sticker is put on on your skin and sunscreen is applied; sunscreen needs to be re-applied once the sticker turns purple.
Qidni Labs is developing artificial kidneys for patients suffering from End Stage Renal Disease, with an end goal of eliminating need for dialysis treatments and other large expenses associated with patients in renal failure. The company recently completed two pre-clinical animal studies in porcine animal models with no renal function in a facility affiliated with UCLA.
“We had an amazing time during our week in Buffalo for the 43North competition. We met an inspiring group of entrepreneurs, both fellow participants and those from the community. The competition was the hardest we’ve ever faced, and it was a huge relief when our name was finally announced as winners. Our engaging discussions with the judges and other community members gave us great input on our business, and will be invaluable as we head towards launch. We are thrilled for the opportunity to join the other winners as part of the program in January.”
– Andrew Martinko, Co-founder of Suncayr
Congratulations to Suncayr, Qidni Labs, and the rest of the finalists!