Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
Business Briefing
24/7/365 Network Uptime!
Average Rating:
Rate this article:  
Miami: New Tech Hotspot Is Really Hot
Miami: New Tech Hotspot Is Really Hot

By Laura Wides-Munoz
May 12, 2014 9:26AM

Bookmark and Share
The region in and around Miami was shaken by the recent recession. Coupled with an increase in cloud computing, the rapid growth of mobile devices in Latin America, and the area's vast health care industry, civic leaders and entrepreneurs are now making a push to diversify into the tech industry. A culture of tech investing is being fostered.
 



Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nation's next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun.

The region in and around Miami has long pinned its financial fortunes on real estate and banking, but a combination of factors -- the recent recession that shook those economic drivers coupled with an increase in cloud computing, the rapid growth of mobile devices in Latin America, and the area's vast health care industry -- now have civic leaders and local entrepreneurs making a push to diversify into the tech industry.

"We're not trying to replicate what other tech hubs are doing. We want to complement them," said Daniel Lafuente, a 26-year-old Miami native who co-founded the new, open workspace and tech training center Lab Miami. "Miami is a place that provides its own benefits: lower costs of living, no income taxes, the proximity to Latin America and the beach."

Two years ago, the idea of a tech hub in Miami seemed a longshot to Lafuente and his partner Wifredo Fernandez. The recent University of Pennsylvania graduates had returned to their hometown but found few innovative business opportunities. So they created their own in a small room in Miami's gritty Wynwood Arts District, a place where freelance web designers and startup entrepreneurs rent space, meet and collaborate.

Much has changed in just a short time. The nonprofit John S. and James L. Knight Foundation is helping spearhead efforts to draw the tech industry to Miami, committing $6 million in the past 18 month to an array of projects.

"In Miami there are enormous disconnects," Knight Foundation Program Director Matt Haggman said. "If you are an entrepreneur and you want to connect with an investor, where do you go? To date it's been you're really on your own."

On a recent evening inside the mural-splashed former warehouse that now houses Lab Miami, more than 100 young professionals, tech geeks and artists roamed between a 3D printer demo on one side and a bilingual review of the latest fashion industry apps on the other. Nearby, civic-minded coders huddled, tapping out ways to improve city services.

Meanwhile, across Miami's Biscayne Bay, the Venezuelan founder of the tech-based, English-language school OpenEnglish feted the region's top 100 tech movers at his poolside South Beach condo.

Last week, Microsoft announced the opening of its first U.S.-based technology innovation center at the new downtown entrepreneurial training center and startup Venture Hive. (continued...)

1  |  2  |  3  |  Next Page >

 


© 2014 Associated Press under contract with NewsEdge. All rights reserved.
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Business Briefing
1.   Can One Size Windows OS Fit All?
2.   Comcast Earnings Beat Estimates
3.   Netflix Tops 50 Million Subscribers
4.   Verizon Launches Rewards Program
5.   CEO Pay Scales Can Be Perplexing


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dropbox for Business Beefs Up Security
Dropbox is upping its game for business users. The cloud-based storage and sharing company has rolled out new security, search and other features to boost its appeal for businesses.
 
Wall Street Journal Hacked Again
Hacked again. That’s the story at the Wall Street Journal this week as the newspaper reports that the computer systems housing some of its news graphics were breached. Customers not affected -- yet.
 
New Web Tracking Technologies Defeat Privacy Protections
Recently developed Web tracking tools are able to circumvent even the best privacy defenses, according to a new study by researchers at Princeton and the University of Leuven in Belgium.
 

Enterprise Hardware Spotlight
Microsoft Makes Design Central to Its Future
Over the last four years, Microsoft has doubled the number of designers it employs, putting a priority on fashioning devices that work around people's lives -- and that are attractive and cool.
 
Contrary to Report, Lenovo's Staying in Small Windows Tablets
Device maker Lenovo has clarified a report that indicated it is getting out of the small Windows tablet business -- as in the ThinkPad 8 and the 8-inch Miix 2. But the firm said it is not exiting that market.
 
Seagate Unveils Networked Drives for Small Businesses
Seagate is out with five new networked attached storage products aimed at small businesses. The drives are for companies with up to 50 workers, and range in capacity from two to 20 terabytes.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.