Everything you need to know about the startup scene in Miami

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Miami startup ecosystem

Miami City is an inspiring hub for biotech, fintech, and creative ventures. With plenty of coworking spaces and a strong network of accelerators, Miami is a great place to grow your startup.

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Mentors in Miami

Rachel Fabbian-Edelman

I specialize in 3 main areas within the startup landscape: -Business Development -Fundraising -Networking I have a diversified career spanning the complete startup landscape. I’ve gained a comprehensive 360-degree perspective on the industry, using that as a big advantage when mentoring startups.

Rachel Fabbian-Edelman
Startup & Networking Mastermind // Business Development // Leadership & Mentor // Women Empowerment

Serial Entrepreneur with extensive experience in Marketing & Operations based out of Miami, FL. Industry Knowledge: -Ecommerce/DTC -SaaS -Blockchain, Web3, NFTs, DAOs, -Hospitality -Medical -Real Estate -FinTech

Joe Casanova
CEO & Founder of Furlough.com

I spent 20 years in New York City’s digital publishing world, forging relationships with the world’s top publishers, ad tech companies, social media leadership, digital marketers and top brand builders. I’ve run digital agencies, newsrooms worldwide, magazines, portals and pure play publishing.

Eric Goeres
Brand Builder

GrowthMentor events in Miami

Frequently asked questions

Which industries or sectors are dominant in the Miami startup ecosystem?

Miami’s startup ecosystem is thriving with strong sectors in fintech, healthtech, e-commerce, and real estate tech. The city is also emerging as a hub for creative industries, including media and entertainment, as well as blockchain technology.

What are the key accelerators available for startups in Miami?

Miami is home to several key accelerators, such as 500 Startups Miami, Venture Hive, and the LAB Miami. These accelerators provide startups with mentorship, investment, and access to a broad network of industry professionals.

What local funding opportunities are available for startups in Miami?

Startups in Miami can access a variety of funding opportunities, including venture capital firms like Rokk3r Fuel and Krillion Ventures. Additionally, there are angel investor networks like Miami Angels and public funding programs through organizations like the Miami-Dade Beacon Council.

Are there any tax incentives designed to support startups in Miami?

The city offers several tax incentives to support startups, including the Qualified Target Industry Tax Refund (QTI) program and various grants for small businesses. Also, Florida’s absence of state income tax is a significant advantage for entrepreneurs.

What is the cost of living and operating a business in Miami?

Miami offers a relatively affordable cost of living compared to other major U.S. cities. Office space varies in price, with more affordable options available in co-working spaces throughout the city. On average, Americans can spend anywhere between $3,000 – $5,000 on starting their small business, with some spending as much as $10,000 depending on the sector.

What is the talent pool like in Miami?

Miami has a diverse and growing talent pool, bolstered by universities like the University of Miami and Florida International University. The city attracts talent from across Latin America and the United States, providing a rich and multicultural workforce for startups.

How is Miami's infrastructure conducive to startup growth?

The city boasts a major international airport, a comprehensive public transportation system, and well-developed road networks. Also, Miami has a strong digital infrastructure with widespread access to high-speed internet and technology hubs.

Are there any major networking events focused on startups in Miami?

Miami hosts several major networking events for startups, such as eMerge Americas, Miami Tech Week, and SUP-X. These events offer valuable opportunities for startups to connect with investors, mentors, and other entrepreneurs.

What is the regulatory environment like for startups in Miami?

Miami offers a supportive regulatory environment for startups, with a focus on reducing bureaucratic hurdles and fostering innovation. The city and state governments have implemented various initiatives to make it easier for businesses to start and operate, creating a favorable climate for entrepreneurship.