MIAMI - Through a first-of-its-kind public-private partnership slated to be announced Friday, a new technology business accelerator designed to recruit and cultivate high-growth start-ups is coming to downtown Miami.
The Launch Pad Tech Accelerator, created by The Launch Pad, an entrepreneurial resource center at the University of Miami, is backed by nearly $1.5 million in public-sector funding. Miami-Dade County is contributing $1 million over four years; the Miami Downtown Development Authority is investing $460,000 for operational expenses over two years.
It’s the first time the county and city have partnered to fund an endeavor to position Miami as a hub for start-up technology businesses, said Jack Osterholt, Miami-Dade County’s deputy mayor.
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