Miami’s Growing Technology Sector

Miami’s Growing Tech Sector

06/18/2015

With its unique combination of creativity, capital, entrepreneurship, and energy, Miami’s vibrant business community has enormous talent upon which to draw. Recognizing this potential, south Florida business leaders have worked to establish the foundation and intellectual infrastructure Miami needs in order for it to become the next big startup city.

Just as Miami Beach positioned itself as a hub for the national and international art scene with Art Basel and the Wynwood Arts District, in recent years Miami has begun establishing and promoting technology-focused events like Start-Up City: Miami, co-sponsored by AtlanticLIVE and CityLab, and eMerge Americas, founded by the Knight Foundation and Medina Capital. The city also has a number of established tech-focused networking incubators like Refresh Miami and the University of Miami’s The Launch Pad, along with several nonprofit startups focused on training and supporting the next generation of entrepreneurs and coders.

The city’s vibrant young technology leaders will soon get a hand from influential architecture and development firms as well via the newly proposed Innovation District in Miami’s Park West. The 10-acre district will join other forward-thinking developments, such as Brickell City Center, that have been built to serve the city’s business and capital base in and near downtown. Miami’s business district mixes major international headquarters with shared office developments like Lab Miami and Pipeline Brickell, both of which offer flexible work space to creative and tech-minded entrepreneurs.  

Luckily for investors and entrepreneurs looking for a home base, new condos in Miami offer the kind of amenities that allow movers and shakers to focus on growing their businesses. For example, the luxury condominium residences at Brickell Flatiron boast smart technology which includes a digital concierge, super-fast internet, private wifi and, in the common area, an executive meeting room with wifi, video, and telecommunications equipment.  

Along with having been consistently named one of the top American cities for startup activity in recent years, Miami has also seen tech powerhouses like Apple and Facebook establish regional offices here. Square, the mobile-payments provider, is reportedly thinking of expanding into south Florida, and Latin American tech startups see the city as a natural entry point into the U.S. market. Earlier this year the eMerge conference partnered with NBC International and Telemundo, and the inaugural Black Tech Week event, planned to repeat next year, promoted the city as a launching point for business with Africa and the Caribbean. With such recent developments serving to increase the city’s reputation among national and international venture capitalists and access to their funding, today’s Miami is poised to become one of the most dynamic cities in the startup space worldwide. 

Image courtesy of: ©iStock.com/Lorraine Boogich