Momentum growing behind hatching a tech hub
South Florida’s start-up ecosystem is beginning to develop as an attractive location for tech entrepreneurs and programmers.
By Nancy Dahlberg
The vision: Entrepreneurs find many places to meet and mingle, maybe run into an investor or two. Accelerators accept the best and the brightest start-ups, which in turn stay and grow their businesses in South Florida. Tech companies and serial entrepreneurs open their doors to mentor others. Robust university systems supply the talented technologists and entrepreneurs in the making. Healthy angel networks fund many early-stage companies.
That’s what a healthy ecosystem for start-ups is all about, and some leaders say the vision is within reach for South Florida. “It’s about growing great entrepreneurs. They need to have a community supporting them,” says Susan Amat, executive director of the University of Miami’s Launch Pad entrepreneurship center and one of the leading advocates of the entrepreneurial movement here.
Last week, Launch Pad announced it will open a community accelerator in January at the Terremark/NAP of the Americas building in downtown Miami. The companies selected for the Launch Pad Tech Accelerator will participate in a three-month program of intense mentoring designed to grow the businesses quickly, receive $25,000 grants, and get mentoring and office space for the year. The Miami Downtown Development Authority has committed $460,000 in funding over two years for operations. Miami-Dade County is kicking in $1 million over four years to fund the grants to entrepreneurs.
And that’s not all. Florida International University President Mark Rosenberg is hoping to include a required course on entrepreneurship for every undergraduate. New events, companies, nonprofit initiatives and funding groups have been springing up to support the entrepreneur. Consider:
• The Knight Foundation has announced a major new program to promote and fund entrepreneurship projects in South Florida. The nonprofit Enterprise Development Corporation, under new leadership, recently expanded its incubator in Boca Raton and is at work on an incubator at Broward College. The University of Miami Life Science & Technology Park is gaining traction as a community hub for tech and the sciences, with co-working space, shared lab space, new restaurants and frequent events, in addition to a growing number of technology tenants that call it home.
About the John S. and James L. Knight Foundation
Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged. For more, visit www.knightfoundation.org.