Miami has had its fair share of reputations. Once known as a sleepy southern town for retirees, it has developed into a major tourist destination for those flocking to the closest thing the United States has to a Riviera. And now Miami is carving itself a niche as a startup hub.
The raft of new companies setting up in the 'Magic City' is as diverse as the residents itself. Sectors range through life sciences, fashion, consumer products and communications, but it's safe to say that nearly all these companies have some sort of tech component. Even the call-centre industry has faced disruption in Miami with locally based success story LiveAnswer.
Miami might exude flash but, unless you're in finance, the business culture is very casual
Wynwood art district has become both the cultural breeding ground of Miami and an up and coming neighbourhood for the tech scene. Brickell is traditionally the city's major financial centre, but co-working spaces such as Pipeline have also drawn in entrepreneurs who want to be close to the big city players.
Meanwhile, life science technology is largely concentrated in Coral Gables at the University of Miami's Life Science and Technology Park, an innovation centre with state-of-the-art facilities.