Miami is quickly solidifying itself as a tech hub in the US, as more businesses move to the city from places like New York and San Francisco.
In fact, according to Florida University, 81% of the city’s 82,000 businesses are startups and SMEs. And with the county’s competitive tax laws and great entrepreneurial environment, it’s no surprise that thousands of people move to the city every year.
Why Is Miami A Good Place To Start A Business?
Miami is a growing business hub for a number of reasons. Firstly, the economy is highly diverse, covering tourism, real estate, tech, healthcare finance and more. This makes it a great place for entrepreneurs to network and find new opportunities.
One of Miami’s other draws is its competitive tax rates. Florida’s corporate income tax sits at 5.5% on taxable business profits. The state also does not have any income tax, which is a great incentive for business owners who want to turn their profit into income.
Here, we take a look at 10 startups that we think are worth watching in Miami. Let’s take a look…
1. RunAdic: Community Running
RunAdic is helping to connect runners through its community-driven app. The app allows runners to meet other people in their city, burning calories and socialising at the same time.
By allowing people to form, find and organise local running events, RunAdic is helping more people find community through exercise.
2. DermaSensor: AI Skin Cancer Detection
DermaSensor is an AI-powered skin cancer detection device, that is FDA approved and non-invasive.
Through their unique device, the software can tell doctors what type of skin cancer might be present, encouraging them to investigate further. By analysing spectral data, the sensor is able to record sub-cellular content, flagging when there might be an issue.
By making the technology affordable and accessible, DermaSensor is helping to improve early cancer detection when it comes to skin.
3. Bonding Health: ADHD Parenting App
Bonding Health is helping parents connect to their children with ADHD.
As targeted treatments for ADHD and emotional regulation are hard to find, Bonding Health provides behaviour exercises to help manage ADHD systems. Using science-backed methods and screen time tracking, Bonding Health is helping parents with ADHD children better understand how to bond with them.
4. Wonderly: Education & STEM Learning
Wonderly is a platform that helps students aged 6-18 learn more digital skills.
Aimed at encouraging young people to learn skills like animation, game development and coding, Wonderly is on a mission to make computer science more fun, accessible and engaging.
5. Flex: Finance Super App
Flex is a financial platform that helps businesses manage their payments, invoices and expenses more easily.
By integrating all payment processes in one place, Flex is helping companies understand their finances more clearly. Not only that, but for idle cash, the platform offers 3.62% interest, helping maximise profits even on cash.
6. Fanatiz: Sports Streaming
Fanatiz is an app that gives people access to live sports events and sports content from all over the world.
Covering global football matches, basketball and handball, as well as others, the platform allows everyone globally to enjoy worldwide matches. Fanatiz has grown quickly over the past few years, helping build an audience of sports superfans.
7. Storybook: Children’s Sleep App
Storybook is helping parents make the most of bedtime with their sleep-inducing programme.
With easy to follow massages, affirmations and breathing exercises, the company is helping to promote better sleep, lower anxiety and improve emotional health in younger children. Not only that, but the app comes with music and white noise features, helping children relax, fall asleep and stay asleep for longer.
8. Pigeon: Peer-To-Peer Lending
Pigeon is helping people manage their personal loans with its payment tracking and legal documents. Designed to help people manage loans they have given to family and friends, Pigeon allows lenders to formalise the process and manage their payments.
Given money can be a difficult conversation between friends and family, Pigeon is helping normalise asking for a loan, whilst also protecting those lending the money.
9. Novo: Business Banking
Novo is a business banking software specifically for small businesses and entrepreneurs.
With easy account setup, accounting tools, and no hidden fees, Novo makes financial management for businesses easier.
Their platform is a great tool for entrepreneurs looking to keep their finances organised without dealing with uncertain terms or inflexible banks.
10. Reef Technology: Proximity Networking
Reef Technology takes underutilised urban spaces like parking spaces and turns them into hubs for local businesses like delivery kitchens, health clinics, and logistics centres.
By turning these unused spaces into assets, Reef is changing how cities can use their space more efficiently. As cities become more populated, Reef is in a perfect position to redefine how smart cities operate.
