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30 posts from September 2015

September 22, 2015

10,000 Small Businesses at MDC taking applications for Cohort 7

Miami Dade College is accepting applications for Cohort 7 of the 10,000 Small Businesses program scheduled to begin Jan. 28.

Goldman Sachs 10,000 Small Businesses is a classroom-based business education program that gives entrepreneurs skills for growing their businesses, the opportunity to access capital and networking opportunities at no cost to participants. The curriculum includes one-on-one advice, clinics and workshops; participants learn to identify and evaluate opportunities, understand financial statements, hire, retain and lead employees, negotiate successfully and create a comprehensive growth plan. The local program was launched in October 2013, funded with a five-year, $5 million grant from Goldman Sachs.

Applicants should be an owner or co-owner of a business with at least four employees and in operation for at least two years with revenues of at least $150,000 in the most recent fiscal year. So far, the program has graduated 132 businesses and Cohort 6 is in progress with 31 businesses. The range of annual gross revenue of the participating businesses has been $150,000 to $35 million.

Courses will be held at MDC’s Wolfson Campus. To apply, visit www.10KSBapply.com or call 305-237-7824. The deadline to apply for Cohort 7 is Oct. 8. To learn more, RSVP for an upcoming Webinar here.

September 21, 2015

Pipeline opens its 3rd location in Coral Gables

 

Pipeline coral gables

By Nancy Dahlberg / ndahlberg@miamiherald.com

Pipeline Workspaces, a national shared office space company based in Miami, opened its third location this week. Located in the heart of Coral Gables’ business district, the 14,000-square-foot shared office space at 95 Merrick Way shares a complex with the Kellogg School of Management at Northwestern University. 

Pipeline Gables has open shared office spaces, a deposition and conference room center, dedicated desks and private offices, with memberships starting at $200 per month. It joins its flagship location, Pipeline Brickell opened in 2012, as the second space in South Florida. Pipeline also opened a center in Philadelphia.

Two more locations are already in the works -- a co-working location in Doral and a “co-warehousing” center in Miami’s Little River District – and others are planned. A passport system will provide members access to all Pipeline locations. 

“As with our locations in Brickell and Philadelphia, Pipeline Gables will serve as an alternative workspace hub that gathers entrepreneurs, professionals and business people who may not otherwise meet and share ideas,” said Todd Oretsky, Co-Founder of Pipeline Workspaces.

Pipeline Gables members include Clearpath, a tech company simplifies the U.S. immigration process; municipal governing lobbying firm Gazitua Letelier, P.A.; Oregon-based Sokol Blosser Winery; and film and video production company Reel City Films.

Follow @ndahlberg on Twitter.

Read takeout on the proliferation of co-working centers in South Florida here. 

 

Modernizing Medicine announces $38 million capital raise

The Boca Raton healthcare-technology company has raised about $87 million

By Nancy Dahlberg / ndahlberg@miamiherald.com 

Modernizing Medicine, the Boca Raton-based creator of the Electronic Medical Assistant, a specialty-specific electronic medical record system, announced Monday that it has closed a $38 million Series E financing, bringing total capital raised to about $87 million.

DancaneInvestors in the latest round of financing included Pentland Group, which has been an investor since Modernizing Medicine’s first round, Summit Partners, also an existing investor, and Sands Capital Ventures, a large healthcare fund and new investor for Modernizing Medicine.  “We greatly appreciate the vote of confidence,” said Daniel Cane, co-founder and CEO of Modernizing Medicine (pictured here).

Earlier this month, the fast-growing Modernizing Medicine completed its acquisition of Weston -based gMed. The gMed acquisition gives Modernizing Medicine 18 percent of the gastroenterology market, and Modernizing Medicine recently launched into urology, said Cane on Monday, speaking from a board retreat.

“We continue to focus exclusively on medical and surgical specialty markets. Those are the most difficult markets to provide software for and they are the best fit for our solution because of just how our solution was designed. So we continue to run between the feet of the elephant,” said Cane, a serial entrepreneur who also co-founded Blackboard.

With the gMed acquisition, Modernizing Medicine has been on a hiring spree and now employs 430 people. "We hired several more people today so that number is already out of date," he said.

Modernizing Medicine also recently launched a telemedicine solution, said Cane. “If you think of dermatology, where we have over 35 percent of the entire U.S. market, almost everything in dermatology you can diagnose using telemedicine. It provides users a tremendous convenience … it’s  a time saver and cost saver for both the providers and the patients.”

Modernizing Medicine, founded in 2010, is one of the most successful South Florida early-stage companies in terms of fund-raising and employment. Among its recent accomplishments is four No. 1 EHR Black Book rankings for dermatology, orthopedics, otolaryngology and gastroenterology. In August, the company, with  $30.5 million of revenue in 2014, was named to the Inc. 500 list. It was also one of the first early-stage companies to partner with IBM Watson. Modernizing Medicine's Electronic Medical Assistant, or EMA, provides a specialty-specific EMR system used by more than 6,000 healthcare providers in the United States.

Follow Nancy Dahlberg on Twitter @ndahlberg

Earlier Miami Herald profile of Modernizing Medicine here.

 

September 20, 2015

Entrepreneurship Datebook: Workshops, events this week in South Florida

TecheggTHE INTERNET OF THINGS: Microsoft Technical Evangelist Joe Raio will discuss and demo Internet of Things technology at this WITI South Florida meeting, 6 p.m. to 8 p.m. Tuesday; Microsoft Innovation Center at Venture Hive, 1010 NE Second Ave., Miami. More info here.

FOUNDER INSTITUTE FORT LAUDERDALE: The global entrepreneurship training and startup accelerator program is exploring a Fort Lauderdale-Boca launch and holding a free event, Startup Funding 101: How to Raise Capital for Your Idea, 6:30 p.m. Tuesday, Axis Space, 333 Las Olas Way, Fort Lauderdale. Event info: http://fi.co/e/60591. To find out more about FI: http://fi.co/apply/2501

WAFFLE WEDNESDAY: LiveNinja hosts this weekly networker for the tech community, 9 a.m. Wednesday, 120 NW 25th St., Loft #301. Info: facebook.com/groups/LNwafflewednesdays.

FOUNDER INSTITUTE MIAMI: The global entrepreneurship training and startup accelerator program is exploring a Miami launch and holding a free event, How to Start a Startup in Miami, at 6:30 to 8:30 p.m. Thursday; Building.co, 120 SW 8th St., Miami. Event info: http://fi.co/e/61111. To find out more about FI: http://fi.co/apply/2181

COGNITIVE COMPUTING: Mobile Technology Consortium meeting is themed “Artificial Intelligence & Cognitive Computing” with with demos from FIU R&D labs and local startups, 8 a.m. to 1 p.m. Friday, Room 1006, Tech Station, FIU’s main campus. RSVP: http://mobiletechnologyconsortium.splashthat.com.

STARTING GATE

Aventura-based Boatsetter merged with Cruzin to create one of the largest boat-sharing networks. Pre-registration is open for the new .MIAMI domain. Venture Hive received Knight funding to expand its accelerator program. CareerSource Broward announced a new TechConnect program.

Read more startup and tech news on the Starting Gate blog, MiamiHerald.com/business.

 

September 17, 2015

Mayor, CEO announce .MIAMI domain name launch

Mayor Regalado

 

By Nancy Dahlberg / ndahlberg@miamiherald.com

Move over, .NYC -- you are not the only master of your domain.

 Beginning Oct. 2, Miami will become the third U.S. city with a dedicated Internet domain name, Miami Mayor Tomás Regalado announced Thursday.

.MIAMI will join New York (.nyc) and Las Vegas (.vegas) in creating a global Internet identity through which the city’s businesses, communities and residents can identify themselves with the Magic City and its internationally recognized brand, he said.

“Everyone wants to be a part of Miami and the launch of the .MIAMI domain establishes a unique Internet presence for us,” said the mayor (pictured above), who participated in a press conference along with City Commissioner Francis Suarez and Chief Information Officer Kevin Burns. “Public departments, local businesses and residents can now demonstrate their passion for Miami with a .MIAMI domain and in doing so, elevate our visibility and reputation on the Internet stage.”

The .MIAMI domain is operated by the domain registry Minds + Machines in cooperation with the City of Miami. An undisclosed portion of the revenue from the sale of .MIAMI domain names will be disbursed to the city. Minds + Machines, a British public company, has launched 18 new top-level domains in the past year, including .london. “This is a huge opportunity — people should be thinking not just about a single name they want, but the full list of names their business, family or community might need,” said Antony Van Couvering, CEO of Minds + Machines, who was also at the Thursday morning press conference. 

.MIAMI domain names will go on sale starting Oct. 2 on a first-come, first-served basis. Standard domain names such as companyname.miami will typically cost about $20 a year, with premium names such as realestate.miami priced higher. GoDaddy is taking advance orders for discounted domain names at www.GoDaddy.miami. .MIAMI domain names can also be pre-ordered at a discount now (currently $13.99) or purchased beginning Oct. 2 through a Miami-based domain registry service, HelloDotMiami, at www.hellodotmiami.com.

The .MIAMI top-level domain (TLD) was established as a part of the historic expansion of the Internet naming system administered by the Internet Corporation for Assigned Names and Numbers. More than 7 million domain names have now been registered across several hundred new generic top-level domains. Learn more at www.my.miami.  

Follow @ndahlberg on Twitter.

Knight Foundation funds Venture Hive accelerator expansion

Venture Hive

To provide Miami’s entrepreneurship community with more mentorship, funding and networking opportunities, the Miami-Dade Entrepreneurial Development Organization, a not-for-profit group that promotes entrepreneurship initiatives in Miami, will help expand the Venture Hive accelerator program through a $210,000 grant from the John S. and James L. Knight Foundation.

Venture Hive is an entrepreneurial hub in downtown Miami that is home to 31 companies from 18 countries, and its accelerator program helps entrepreneurs grow their technology businesses in Miami. The program offers selected participants a $25,000 grant, a 13-week intensive mentor-driven accelerator program, and six months of free office space at Venture Hive. In addition, participants are given access to a wide network of leading business professionals, as well as mentorship and funding opportunities.. The next Venture Hive Accelerator Program will begin in January 2016; applications will open in October.

Since its launch in 2013, Venture Hive’s accelerator program has helped establish 10 businesses and more than 50 local jobs. It has supported more than 2,600 hours of coaching and generated an investment leverage of more than 20:1 private-to-public dollar investment, said its founder, Susan Amat, a serial entrepreneur whose goal was to attract and retain top international startups to build on South Florida’s existing strengths, including finance, travel and hospitality, trade and logistics, creative industries and healthcare. Amat was also co-founder of The Launch Pad at the University of Miami.

Venture Hive also houses an incubator and high school entrepreneurship program as well as the Microsoft Innovation Center and pre-accelerator programs for institutions around the world. To learn more about an upcoming Angel Investor Summit in February at Venture Hive and its accelerator program visit: miami.venturehive.com.

 “Venture Hive has taken a leading role in shaping Miami’s global brand as a startup hub,” said Roberto Interiano, MEDO’s executive director and a board member. “While our programs and platform support entrepreneurs all over the world, Miami is our home where we test and validate our content and offerings,” added Amat.

This year, Venture Hive also opened an accelerator for veteran-run tech startups; it’s in Fort Walton Beach.   

September 16, 2015

CareerSource Broward announces TechConnect program

CareerSource Broward  has launched TechConnect initiative targeting the technology industry. 

TechConnect is a collaborative partnership between CareerSource Broward, local tech employers, BrowardCounty educational institutions, the Greater Fort Lauderdale Alliance and technology industry associations.  Designed to address the hiring needs of BrowardCounty’s tech employers, TechConnect will help create opportunities for advancement for IT workers by providing training to enhance their skills to become more competitive in the workplace.  TechConnect, with its partners, will also prepare talented young adults and individuals seeking careers in technology, ultimately eliminating the need for local employers to seek talent outside of the area.

“Employers in the technology industry are in critical need of highly skilled talent, and they have not always been able to connect with them,” says Mason Jackson, CEO and President of CareerSource Broward. “TechConnect is our opportunity to better assist those employers to find or help develop quality IT professionals.”

CareerSource Broward will also offer financial assistance for on-the-job training to qualified candidates and skills upgrade training for current employees, he said.

For more information on TechConnect, join the CareerSource Broward TechConnect LinkedIn group to keep up with the latest information on the initiative as well as follow technology news.

-Submitted by CareerSource Broward 

Wyncode, Knight name Future Leaders of Tech scholarship winners

Wyncode-image-2

The Knight Foundation’s Future Leaders of Tech Scholarship Program today announced two of nine Wyncode students who will receive a full scholarship to attend Wyncode’s Web Immersive coding program. The recipients are: Arielle Dickey and Henry Arbolaez.

Supported by the John S. and James L. Knight Foundation, the Future Leaders of Tech aims to provide financial assistance for residents of low income neighborhoods in Miami- Dade County that are entrepreneurially minded and looking to enter the city’s growing local tech scene. The scholarship fully covers the cost of WyncodeAcademy’s intensive nine week Immersive Web Development program gives anyone the skills necessary to begin a career in coding, said Wyncode co-founder Juha Mikkola.

The finalists were selected by a panel of judges composed of three leaders from the Miami tech scene:Brian Brackeen, CEO of Kairos, a company specializing in facial recognition software; Kiesha Moodie, the Director of Alumni Engagement for Teach For America; and Widny St. Louis, a Wyncode alumni. The panelists conducted interviews and chose the winners based on their motivation, ambition and future goals.

“The future growth of Miami’s innovation ecosystem relies on the ability to build a community of entrepreneurs that reflects the diversity of our city. Wyncode is giving South Florida residents the skills they need to not only learn how to code, but to engage in their community and contribute to the success of their city,” said Miami program director for The Knight Foundation Matt Haggman.

As Wyncode students, the winners of the scholarship will have the opportunity to meet with hiring partners (which include Watsco Ventures, MDLIVE, Kipu Systems, and Cloud Logistics) upon completion of the Web Immersive Program.

The scholarship application window for next cohort’s scholarships opens today.

- submitted by Wyncode

September 15, 2015

Ahoy, mates: Aventura-based Boatsetter, Cruzin merge, aiming to dominate boat-sharing marketplace

Andy.jpg

By Nancy Dahlberg / ndahlberg@miamiherald.com

Two big competitors are teaming up to make a giant splash in the young, burgeoning boat-sharing marketplace.

Aventura-based Boatsetter and San Francisco-based Cruzin announced Tuesday that they are merging their companies. The combined company will carry the Boatsetter name but the brand and website incorporate the Cruzin look and feel. Terms of the deal were not disclosed.

BaumgartenJaclyn Baumgarten (pictured at right), formerly CEO of Cruzin, is the new CEO of Boatsetter, and Andrew Sturner (pictured above), formerly CEO of Boatsetter, is the executive chairman. The company will have headquarters in both South Florida and Silicon Valley, bringing together the capitals of boating and technology, Sturner and Baumgarten said.

Together, the company offers a network of more than 3,000 boats, which people can rent from private boat owners through an app or website by the half-day, day or longer. Boatsetter differentiated itself from other boat-sharing companies by offering a network of more than 1,200 U.S. Coast Guard certified captains, allowing boat owners and renters the peace of mind that an experienced captain will be at the helm and allowing captains to grow their independent businesses. Both companies had dozens of marina partners – and together have nearly 200 partners, the largest network in the industry, Sturner said. And together the two companies have raised about $7 million in financing so they are well-capitalized to face any choppy startup waters ahead.

“We were both pulling in the same direction but had complementary strengths,” said Sturner, a serial entrepreneur with 25 years of startup experience in technology, including as an early executive in CBS SportsLine and MovieFone, and in the marine industry as founder of Aqua Marine Partners. “Together, we are positioned to be the market leader, offering the only complete solution in the boat-sharing market.”

Cruzin was founded by Baumgarten and launched in 2012, creating one of the first online marketplaces for renters and private boat owners. Boatsetter launched in 2014 and was the first peer-to-peer company offering captained boats to recreational boat renters, in addition to insurance and on-the-water services. The two entrepreneurs have known each other for a couple of years, as Cruzin had set up operations in South Florida and had partnered with Westrec Marinas, owner of Harbour Towne in Dania Beach and other marinas. They began negotiating the merger in June. Baumgarten will be moving to South Florida but will also spend time in the Silicon Valley office. Boatsetter now has 20 employees.

“This is a big leap forward for the brand,” said Baumgarten, who has 15 years experience in Silicon Valley as a founder of startups and senior roles at Fortune 500 companies. “We have remarkably complementary assets and look forward to accelerating the speed of innovation in the multi-billion dollar marine industry.”

Follow Nancy Dahlberg on Twitter @ndahlberg.

Season of the Startup beginning to heat up

It’s not just the arts calendar that heats up in the fall. Here are few startup and tech conferences and major events to put on your calendar — save the dates.

  • FinTech: Fintech Americas bridges the divide between banks and disruptive startups, Oct. 22- 23, Miami Dade College Wolfson Campus. Tickets and more info: fintechamericas.co
  • Emerging Technologies and Business Showcase: This all-day business matchmaker event includes a pitch competition with $150,000 in prizes, investor panel, luncheon and networking opportunities, Nov. 4, Hyatt Regency, Coral Gables. For tickets to the event and how to apply to present: https://www.facebook.com/EDCofSouthFla.
  • Miami Make Week: A 10-day celebration of creative co-working and maker spaces in the Greater Miami area kicks off Nov. 6 with educational workshops, networking opportunities and other public events, ending with a design and prototyping competition. More info: miamimakeweek.com.
  • The TigerDirect Tech Bash: The free expo and party returns on Nov. 6 for an evening of innovation, emerging technology, interactive entertainment and shopping opportunities. Now in its fourth year, the free TigerDirect Tech Bash will take place at Miami Marlins Stadium. Get your ticket here: tigertechbash.com
  • Sime MIA: The conference that has explored technology trends by bringing in speakers from Singularity University, Hollywood and the Oslo Freedom Forum is returning to Miami Beach for a third year Dec. 1-2 with an expanded format focusing on big data and fintech. Buy tickets and get info here: simemia.co.
  • ITPalooza: Now in its fourth year, the conference on Dec. 3 at Nova Southeastern University in Davie brings together the entire South Florida IT community from CIOs through Tech User Groups to top local, national and international presenters and guests. Buy tickets and get more info here.