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43North holds annual start-up competition

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Posted at 5:11 PM, Oct 27, 2021
and last updated 2021-10-27 17:37:25-04

BUFFALO, N.Y. (WKBW) — 43North is holding their 7th annual start-up competition to attract high growth businesses to Buffalo.

“It’s really an exciting night, it’s a Shark Tank style experience, but it’s right here in Buffalo,” 43North senior marketing manager Christian Gaddis said.

Scott wayman won the 43North competition in 2017. He created a software program, Kangarootime, to help childcare centers.

“It changed our lives,” Wayman said. “We are fortunate to have been part of 43North’s mission and growing economic development here.”

There are ten finalists, one company becomes a million-dollar winner, and the others receive funding and move to Buffalo to grow their company.

“Being here, being able to build their teams here and have the connections we make for them has been great for their growth,” Gaddis said.

Wayman said he entered the competition in 2016, did not make it to the finals, but decided to return a year later. He said the opportunity for extra capital is what brought him back.

“We could make a beautiful product for our customers if we could just survive,” Wayman said.

His company is approaching 40 employees and just this year, Kangarootime has seen 300% growth.

“And we’ve already booked, in contracts, what’s the equivalent of 500% growth for next year,” Wayman said.

The final round is on Thursday, October 27 at 6 PM at Shea’s. Tickets are still available, for free, here. Finals will also be streamed on WKBW.com, on our WKBW app and on WKBW's Facebook page.