How Miami Is Empowering Its Diverse Startup Ecosystem
United States
Miami
MEMBERS:
Knight Foundation
Our sights are set on making Miami a community where globally relevant innovations thrive. Rather than copying any other city, we are charting a distinct, multicultural path toward becoming a tech epicenter; one that is uniquely Miami.
Ecosystem by the Numbers
EARLY-STAGE FUNDING
$519 m
GLOBAL AVG.
$687 m
ECOSYSTEM VALUE
$18 bn
GLOBAL AVG.
$28.6 bn
Life Sciences
The Cambridge Innovation Center houses 250 early and mid-stage companies and a wet lab for early-stage Biotech startups. Biscayne Neurotherapeutics, a clinical-stage biotechnology company, was acquired for $185 million in 2018. Tissuetech, a pioneer of birth-tissue regenerative medicine, raised $82.3 million in Series C funding in 2019.
Edtech
Hero K12, based near Miami, builds applications to track student behavior and received $150 million in 2017. Nearpod, a mobile app that enables teachers to create and share interactive multimedia presentations with their students, raised $21 million in Series B funding in 2017.
Reasons to Move Your Startup to Miami
COVID-19 Policy
The state of Florida launched the Small Business Emergency Bridge Loan Program to provide short-term working capital support to small businesses with up to 50 employees. Loans are interest-free for one year; after that, the interest rate rises to 12%.
Global community
Startups can tap into one of the most diverse talent pools in North America. Miami is the #4 city in the U.S. in Latino entrepreneurship and has one of the highest percentages of immigrant-owned businesses. This diversity also allows companies to test ideas across a wide range of potential customers.
Selected Startup Organizations
Startup Genome Members
500 Startups
Babson WIN
CIC Miami
Code Fever
Endeavor Miami
Florida International University
Idea Center at Miami Dade College
LAB Miami
Miami Angels
Refresh Miami
The Venture City
University of Miami
Venture Cafe Miami
Venture for America
WeWork
WhereBy.Us
eMerge Americas
News from the Ecosystem
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Get connected
Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.