Miami Attracts Latin American Startups

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Miami’s Bid to Attract Latin American Startups by STEPHEN KEPPEL The United States technology sector is dominated by a few clusters, mainly Silicon Valley, San Francisco, Seattle, Austin, New York City and Boston but is there room for one more? Miami hopes so. The South Florida city is far behind the big players in regards to venture capital and entrepreneurial clout but it does have a solid financial system, sunny weather and most importantly a huge amount of talented Latin Americans. “This is our natural advantage,” says Jerry Haar, Director of the Pino Global Entrepreneurship Center at Florida International University . The recent tech boom has spread from Silicon Valley throughout the Americas, and Miami wants to be the place where Latin Americans start their businesses. Susana Amat, the co-founder and director of the University of Miami’s Launch Pad and one of Miami’s biggest champions of entrepreneurship, is confident about the city’s potential. “Miami will be the tech hub of the hemisphere within five years,” she said. Indeed, the startup trend in Miami is hot right now. Miami-based Open English, an online language learning platform, landed $43 million in investment in July. Amat’s Launch Pad recently announced it will open Miami’s first technology accelerator program in 2013 and provide $25,000 grants to high-potential entrepreneurs… via Miamis Bid to Attract Latin American Startups – ABC News.

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