Apr 18, 2024 - News

Miami climate tech hub seeks funding to help startups

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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