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Toronto, ON (July 30, 2016) – Formarum has been selected as a semifinalist for the 2016 43North Competition, an opportunity for entrepreneurs and innovators to pitch their idea to win over $5,000,000 in awards. Every year 43North awards $5 MILLION in capital – including a grand prize of $1 MILLION – to truly remarkable startups from around the world.

142 semifinalists were vetted during a formal, month-long review period conducted by judges from an array of professional sectors. We are extremely excited to be selected among an impressive group of innovative startups and we will do our best to move on to the next stage of the competition.