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Does your business have what it takes to compete and win $1,000,000?

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BUFFALO, N.Y. (WKBW) — Does your start-up company have what it takes to win $1,000,000?

43North wants to hear from you. The competition is funded through the New York State's Buffalo Billion initiative.

Companies will have a chance at winning prizes between $500K or $1 million, mentorship, extensive network and incubator space. Businesses that compete in the competition will also have an opportunity to operate without paying any New York income tax as long as you meet the states criteria.

A total of $5 million will be awarded in prizes.

The application process will open Wednesday, May 8th and close on Monday, July 8th. You can find more information on its website.