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Classified in: Science and technology, Business
Subjects: SVY, JVN, VEN

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:

The full report is available here.

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.

Contact: Steven Pedigo, steven@creativeclass.com


SOURCE Creative Class Group

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News published on 16 april 2018 at 12:30 and distributed by: