Apr 18, 2024 - News

Miami climate tech hub seeks funding to help startups

Martin Vassolo

Illustration of a hand watering a tree in a pot with money for leaves — Illustration: Sarah Grillo/Axios

Miami is ground zero for sea-level rise. A coalition of community groups, local governments and universities hope to combat climate change by supporting local startups developing green technologies.

Why it matters: The South Florida ClimateReady Tech Hub — led by Miami-Dade County — is seeking a $70 million federal grant to make the region a global leader in climate tech.

How it works: The Tech Hub, led by Miami-Dade's Office of Innovation and Economic Development, aims to provide technical assistance to 500 startups and connect them to investors.

Over 10 years, the Hub seeks to create 23,000 green jobs across South Florida.
Broward, Palm Beach and Monroe counties and the Miccosukee Tribe of Indians of Florida are members of the program.

Follow the money: The Hub is focused on three climate tech subgroups — energy efficiency, infrastructure and coastal structures — that could comprise a $3-trillion global market by 2030.

Local companies involved in the program are building energy-efficient air conditioning systems, carbon-absorbing concrete and artificial reef structures, among other technologies.

Of note: Martin will be moderating a panel on the Tech Hub this afternoon at the eMerge Americas conference.

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Miami climate tech hub seeks funding to help startups

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