flocking to Miami
People from around the
country are convening on
Miami giving startups a larger
pool of tech talent.
Miami’s outspoken mayor
is wooing tech talent to
build the ecosystem and increase
the amount of well-paying jobs.
The tech ecosystem is happy
to welcome startup founders, funders,
and others to Miami.
Miami founders and funders
agree that more dollars need
to flow to companies at the
"In the last six months everybody seems to be moving here. We’re attracting a lot of talent that, over the last five years, we couldn’t attract before."
With a tropical climate perfect for remote working, no personal income tax, and a gateway to Latin American clients, Miami is attracting founders, funders, and technologists away from traditional tech hubs.
"We’re at a phase where opportunities are endless. If we are able to create meaningful connections between those who have been here for a while and newcomers, we benefit tremendously as an ecosystem."
Mayor Javier Suarez has been outspoken in his courtship of entrepreneurs and investors to Miami. He even had a Twitter exchange with Elon Musk about building tunnels beneath the city. He helped the city secure a promise from Softbank Capital to invest $100 million in local startups, something Suarez hopes will ease the city’s income inequality.
"There really is a welcoming committee. It’s like a digital version of people waiting for you with signs at the airport."
With so many new entrepreneurs and investors coming into the city, they need to build their networks. That’s no problem in Miami, a historically transient city with a startup ecosystem that is excited to welcome newcomers with open arms.
"The companies I get most excited about are too early for VC money. Investors need to see a team, minimum viable product, and some traction. The newest companies don’t have the resources to necessarily get there."
While nearly $2 billion in investment capital went to Miami businesses, founders and funders agree that more dollars need to flow to companies at the earliest stages.
"Having that corporate partnership not only provides access to founders like myself but also provides resources, intel, funding, and access. There are a lot of great opportunities that can happen when businesses work with grassroots organizations, like access to founders who aren’t on the radar because they don’t have the public relations or publicity to get the proper recognition."
Engagement with grassroots organizations. Startups want and need more opportunities to pilot their products and technologies with big companies — and grassroots organizations help.
"There are plenty of Black investors out there who are accredited investors but who are not educated in the startup space. I can talk to someone worth tens of millions but won't have a clue about investing in startups. We’re trying to reach them. It is a riskier asset class, but if you don’t invest a little bit of your portfolio in it, you’re missing out."
More angel investors mean more startup founders get a shot at funding. When those angels come from underrepresented communities, it leads to a startup ecosystem that’s more inclusive.
Up from 49 deals in 2019. Another sign that Miami's startup ecosystem is heating up.
An increase of 73% from 2019, perhaps due to the influx of people — and investor money — coming to the city in the wake of the pandemic.
and Charter Member,
Black Girl Ventures Miami Chapter
Stirrup couldn't seem to find hair tools that work for her natural Black hair — so she built her own. Her company KAZMALEJE manufactures hair tools like combs, picks, and detanglers and has earned press from Vogue, Allure, Forbes, and other publications. The company is also certified Plastic Neutral by rePurpose Global. Stirrup is also a master facilitator working with Black Girl Ventures Miami Chapter, and serving as President and Cofounder of Digital Grass Innovation and Technology.
After serving as legal counsel to entrepreneurs, startups and multinational corporations, Buchanan is now leading the nonprofit venture studio in an effort to make tech ecosystems more inclusive. Buchanan is also a sought-after facilitator and frequent speaker on strategies for inclusive innovation and designing equitable entrepreneurial ecosystems.
in your startup community?
|43%||Connections to Corporations|
|31%||Early Stage Funding|
|13%||Sharing Success Stories|
engage with Comcast NBCUniversal?
|30%||Opportunity To Do A Pilot
With A Business Unit
Co-Create Content For
Our Shared Audiences
Receive Mentorship From
Experts & Leaders
Attend Educational Programs
(Workshops, Speaker Series, Etc.)
at every stage.
Access valuable feedback and resources from City Tour 2021 below.