The City of Miami is sustaining its forward momentum in supporting new businesses, surging into the top 30 startup ecosystems worldwide in the Global Startup Ecosystem Report 2023, produced by Startup Genome and the Global Entrepreneurship Network.
According to the report’s findings, Miami’s ecosystem value increased by 160 percent in 2022, and early-stage funding increased by 64 percent. These developments helped the area move up 10 spots in the rankings between 2022 and 2023 from 33rd up to 23rd. The region was also home to the second-largest exit in North America with medtech company MSP Recovery, which was valued at $32.6 billion when it IPOd last month.
“Miami has made impressive progress, making it into the top 30 ecosystems at number 23, an improvement of 10 positions from last year,” concludes the report.