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Kauffman Index, in 2015 Miami ranked as the second fastest growing startup city in the U.S., in terms of new business creation activity. The top 10 U.S. metro areas in 2015 were ranked by the Kaufman Foundation as follows: 1. Austin, Texas; 2. Miami, Fla.; 3. San Jose, Calif.; 4. Los Angeles; 5. Denver; 6. San Francisco; 7. New York; 8. Houston; 9. San Diego; and 10: San Antonio, Texas. The Cambridge Innovation Center is one of the most recent high-profile startup-centric organizations to bet big on Miami’s future. The company chose Miami as its second U.S. expansion location, and its center will eventually house more than 500 tech startup companies. “Miami is the Hong Kong of Latin America. I lived and worked in Hong Kong and it is a place that emerged as the focus point for an entire continent’s business. We think that Miami has that potential. It’s an amazing opportunity,” CIC founder and CEO Tim Rowe told the Miami Herald. “We are trying to build the infrastructure in the cities that have the potential to make an impact on the world.” The new CIC center, modeled on its successful spaces in the Boston-Cambridge area that house and support startups, will be in the University of Miami Life Science & Technology Park in Overtown. Organizers aim to open in the fall of 2016; some of the space may open in the spring. Initially it will take up 70,000 square feet in offices, co-working and event space for entrepreneurs, but plans call for an expansion of at least another 50,000 square feet. The CIC team hopes that it will help anchor an innovation district that will serve all of Latin America, said the Herald. The 2007 global financial and real estate crisis which had severely affected Miami as much as the rest of the world, seems to have been quickly forgotten. In 2008, Susan Amat co-founded The Launch Pad at University of Miami, and soon after she started Venture Hive, Miami’s most iconic incubator. Florida International University hosted its first Americas Venture Capital Conference in 2010. The Miami-based Knight Foundation has made 164 investments committing about $16 million in the last three years. The most recent eMerge Americas conference founded by Manny Medina, has doubled its attendance from its previous inaugural year, attracting more than 10,000 people, as well as international media attention fostered through by its partnership with NBCUniversal. In October 2015 Silicon Valley’s 500 Startups brought one of its accelerator programs to Miami, and Founder Institute announced it is launching startup programs in both Miami-Dade and Broward, joining existing accelerator programs such as Venture Hive. Talks to bring other organizations to the region are ongoing. Several companies are landing every week as Miami regains the title as a regional hub, and also as one of the most important platforms to serve the growing Hispanic power in the U.S., said TechCrunch contributor Juan Lopez Salaberry. Companies such as Google, Twitter, Facebook, Uber, Lyft and Vice have moved to Miami, along with new investors hungry for this opportunity. “As the city consolidates its place as one of the hottest entrepreneurial spots in the country, Miami has become a strategic market for one of the most valuable startups in the world, Magic Leap, and others, such as CareCloud, and Open English,” added Salaberry. “Miami is the perfect place to start or grow your business, specially if you are interested in an international venture,” said Laura González-Estéfani, Facebook’s Director of Partnerships LatAm, according to TechCrunch. “There is talent, there is support from the institutions and private initiatives that are focused on boosting innovation, and there is an incremental interest from VCs and business angels for innovative projects.” “Miami is the ultimate international city, attracting people from all over the world seeking out the American dream,” Philippe Houdard, co-founder of Pipeline Brickell, told Forbes. “People are scrambling, getting creative, striving, climbing. There hasn’t been time for a rigid social hierarchy to form in the city, and there are very few restrictions that many older and more established cities have. So it’s perfect for entrepreneurs.” Tenants at Pipeline represent the diversity that embodies Miami. Entrepreneurs and veteran professionals that work at Pipeline hail from all over the globe and from a range of different industries including technology, media, legal and even private equity. Pipeline Brickell’s swanky co-working space overlooks the gorgeous bay in the bustling Brickell district in Downtown Miami, said Forbes. The tenants look more like models than the self-proclaimed “nerds” they say they are. And, their businesses are only steps away from becoming some of the most impressive to come out of South Florida. In November, Pipeline opened its newest co-working space in Coral Gables. WeWork, the leading startup co-working space leaseholder, which garnered a $10 billion valuation in 2015, has also broken into the Miami market. In October 2015, WeWork opened its first Florida location in South Beach, and recently announced the opening of a second, larger location in downtown Miami.]]>