The has announced a $2 million grant to London-based to launch a business accelerator for digital health startups in Miami.
Startupbootcamp's first U.S. program will invest in and help grow thirty startups in the Miama-Dade region over three years. Each year, ten companies will be selected to participate in the three-month program, which includes an initial investment of $20,000 and the possibility of up to $100,000 in additional funding and $500,000 in in-kind services from partners such as Google, PayPal, and Amazon Web Services. Participating startups also will receive free co-working office space for six months, one-on-one mentoring with healthcare investors and entrepreneurs, and educational opportunities such as "hackathons," pitch days, and community events, with a focus on outreach efforts in underrepresented communities.
Founded in Copenhagen in 2010, Startupbootcamp operates eleven accelerators in eight countries and has supported nearly three hundred startups to date. As part of its efforts in Miami, it will partner with the to test products and services from the ventures it supports and is working with the Idea Center at and others to support innovation locally.
"We have made great progress in the last few years in expanding Miami's innovation ecosystem, but there is more work to do," said Matt Haggman, Knight Foundation program director for Miami. "There are still not enough accelerators in Miami to attract and propel early-stage entrepreneurs and help these startups become scale-ups. Startupbootcamp will help to fill this gap by bringing world-class talent to Miami and at the same time helping to cultivate our growing community of local innovators."