A naukri.com initiative
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How We Constructed A New Path Towards Inclusive Startup Growth
- Miami-Dade Innovation Authority featured on Nasdaq Marketsite Tower in Times Square as part of the Nasdaq Entrepreneurial Center newest report.
- The report features a case study on MDIA and offers a comprehensive view of how US states are shaping opportunities for underrepresented entrepreneurs.
- Venture Equity Summit convened leaders to discuss key trends and policies transforming entrepreneurial ecosystems and innovative public-private partnerships.
- Despite effective strategies deployed to close the access to capital gap, venture capital funding disparities persist, with Black founders still receiving only 0.48% of venture capital investment.
- MDIA's startup pipeline is diverse, with 60% of companies led by a diverse founder, 25% women-led, and 40% of company leaders representing other diverse identities.
- Over the last 18 months, MDIA has created an expansive network of more than 120 pipeline partners and counting, that include investors, incubators and accelerators, that have a strong track record in supporting founders from underrepresented communities.
- MDIA uses public grant funding as seed capital for the equity investments it makes as part of its program and supplements funding with private and philanthropic sources.
- MDIA has designed its program to help clear the pathway to revenue-based growth by unlocking public procurement opportunities.
- This first-of-its-kind model has enabled MDIA to create a direct commercial pathway for 11 startups to test their solutions with the largest economic engines in Miami-Dade County.
- Municipalities (and states) around the country are certainly able to replicate these outcomes and MDIA is willing to share its key insights and best practices.
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