Miami Startups Receive $1.3 Billion in Venture Capital - 8th in the U.S.
MIAMI, April 16, 2018 /PRNewswire/ -- Miami ranks eighth among large U.S. metros for the total amount of venture capital invested in its high-tech startups ($1.3 billion in 2016), according to a new research brief from the FIU + CCG | Miami Urban Future Initiative (MUFI). The brief also finds that Miami's high-tech companies each earned an average of $14.2 million in venture capital investment in 2016?the second-highest share among large metros.
"Miami is quickly emerging as an entrepreneurial ecosystem with growing venture capital investments and scalable businesses," explains Richard Florida, Visiting Fellow at the FIU Miami Urban Future Initiative.
Miami's rankings on various metrics of entrepreneurship and innovation include:
High-Tech Businesses. With around 9,700 high-tech businesses, Miami ranks ninth among large U.S. metros.
Concentration of High-Tech Businesses.Miami ranks far lower?40th among large U.S. metros?according to its concentration of high-tech businesses, which is 8 percent smaller than the national average.
High-Tech Business Size.Miami ranks second to last?52nd among large U.S. metros?according to the average size of its high-tech businesses based on their number of employees.
High-Tech Services. With more than 9,000 high-tech services businesses, such as telecommunications, computer system design, and internet services, Miami ranks ninth among large U.S. metros.
High-Tech Manufacturing. With approximately 600 high-tech manufacturing businesses, Miami ranks 10th among large U.S. metros.
Research and Development. With around $565 million spent on university research and development in 2015, Miami ranks 24th among large metros.
THE FIU + CCG | MIAMI URBAN FUTURE INITIATIVE The Miami Urban Future Initiative is a joint effort between the Creative Class Group and Florida International University's College of Communication, Architecture + The Arts (CARTA) to develop new research and insights for building a stronger, more innovative, and more inclusive economy in Greater Miami. The initiative engages top thinkers and researchers from across the region and the world to combine their knowledge with that of the region's business leaders, economic development practitioners, and other key stakeholders. Its efforts are made possible thanks to generous funding from the John S. and James L. Knight Foundation.
The Forum of Ministers Responsible for Immigration (FMRI) met today to discuss Canada's immigration levels planning for 2025?2027.
Canada's immigration ministers discussed the economic and social benefits of immigration, levels of permanent and...
Fitness International, LLC opened a new Club Studio location in Kingwood, Texas. The new 40,000 square foot club features five innovative boutique fitness studios that were carefully curated to create a unique experience, along with recovery services...
West Red Lake Gold Mines Ltd. ("West Red Lake Gold" or "WRLG" or the "Company") announced today that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify certain...
Lifeist Wellness Inc. ("Lifeist" or the "Company") , a health-tech company that leverages advancements in science and technology to build breakthrough ventures that transform human wellness, today announced that, further to its news release...
WIO LLC, parent company of the global TV broadcast airings platform, WIOprotm, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and...
The Honourable Pablo Rodriguez, Minister of Transport, and the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, will announce funding to support inclusive child care across the province through the Government...