Miami Innovation District Is Attracting Interest From Tech Firms

Michael Simkins is lining up support from tech companies for the Miami Innovation District, according to the Herald.

Among those expressing interest is 500 Startups, a San Francisco-based venture fund and accelerator. They are in talks to open an accelerator for Latin startups in an existing building on the property, and would move into a new tower when complete.

The founder of Open English and Next University, two Miami-based startups, also said that he was ‘passionate’ about the project and would relocate his companies there. Open English has already taken in more than $120 million in funding.

Simkins aims to attract a large anchor tenant for the project, before moving to small to mid-sized companies and support agencies. His goal is to break ground next year, with build out of the entire district within seven years.