Miami’s Top 10 Startup Accelerators & Incubators [2023]

Are you looking for capital and/or mentorship for your startup in Miami? Beyond funding, Miami’s startup accelerators and incubators also offer founders incredible valuable support for product development, sales and marketing.

Whether you are looking to find a co-founder, build your MVP and/or get the seed money you need to scale up, accelerators and incubators are the way to go!

In this article we have listed our top picks for the best startup accelerators and incubators in Miami. So, if you havenโ€™t yet started to apply, here is a good place to start learning about them.

This article is part of a series where we present you the top incubators and accelerators across the US. For the South East, check out our rankings for Atlanta, Jacksonville, Memphis and Nashville.
Looking for Miami's top startup venture capital firms instead? Check out our ranking here.

Top 10 Startup Accelerators & Incubators in Miami

Hereโ€™s a summary of our top 10 picks for Miami’s best startup accelerators and incubators (in alphabetical order):

NameAccelerator or incubator?Program lengthInvestment sizeSector focus
305XLAccelerator4 weeksN/ASector agnostic
500 StartupsAccelerator4 months$150kTech, SaaS, Marketplace, AI, Media
Founders BoostAccelerator6 weeksN/ATech
MarketFitAcceleratorN/AN/ASector agnostic
ScaleUp (by Endeavor)Accelerator4 monthsN/ATech-enabled
StartUP FIUIncubatorN/AN/ASector agnostic
StartupbootcampAccelerator6 months$250kHealthcare
The Launch PadIncubatorN/AN/ASector agnostic, Health and Bio-Tech
The Venture CityAccelerator3 months$100k to $300k*Sector agnostic
Venture Hive MiamiIncubator + accelerator12 weeksN/ASector agnostic

* First Ticket (pre-seed to seed) funding

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1. 305XL

The 305XL accelerator program focuses on startups that already have an established company with at least $500,000 annual revenue.

In order to do so, the 305XL accelerator offers a 4 weeks program where participants can analyze key areas of their business such as legal, sales, marketing, operations, and finance.

Additionally, the participating startups also receive weekly pitch practices and opportunities for networking with industry experts. Plus, they will also have access to co-working spaces.

Indeed, the program ends with a Demo Day where participants get to raise funds from external investors.

It is worth noting that the startups need to pay a mutually agreed-upon fee for participating in the program. Also need to surrender 5% equity to 305XL in lieu of the 4 weeks program.

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2. 500 Startups

Founded in 2010, 500 Startups focuses on seed-stage startups across various industries and helps them to grow quickly.

To achieve this, 500 Startups offers a 4-month seed accelerator program where the participants get access to mentors, industry experts, and seasoned entrepreneurs.

In addition, the participating companies also receive an investment of $150,000 against a 6% equity share.

It is worth noting that the accelerator program has a fee of $37,500, which can be deducted from the investment.

3. Founders Boost

Founded in 2017, Founders Boost offers a pre-accelerator program that targets pre-seed tech startups. Interestingly, the program doesnโ€™t take any equity share and there is no program participation fee.

Indeed, the participants of this 6-week program receive mentorship on pitch preparation, market understanding, interacting with investors, etc. In other words, the program prepares pre-seed startups for accelerator programs.

4. MarketFit

MarketFit is an accelerator that focuses on second-stage startups that want to scale. As a result, the platform offers mentoring on go-to-market strategies and fundraising strategies through customized programs for each participant.

Of course, the chosen participants receive one-on-one mentoring on business road-mapping, team structure & organization, sales vehicle establishments, etc.

5. ScaleUp (by Endeavor)

ScaleUp is an accelerator program that focuses on Florida-based high-impact startups and helps them to scale. 

Also, it is important to note that the participants must have product-market fit and annual revenue of $800k to $1 million.

As a result, the 4-month program offers one-on-one mentorship to the chosen companies, office hours, and peer-to-peer chats on topics of scaling up.

Indeed the program ends with a Demo Day where the participants get an opportunity to raise funds.

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6. StartUP FIU

StartUP FIU is an innovation hub of Florida International University that fosters innovation and entrepreneurship throughout the university.

In order to do so, they run two programs, which are:

  • Research Commercialization: Under this program, researchers and faculty at any stage of commercialization, receive one-on-one consultation, bootcamps, and workshops.
  • Student Entrepreneurship: Unlike Research Commercialization, Student Entrepreneurship focuses on teaching, incubating, and supporting entrepreneurial students using a learn-by-doing approach where students build skills, participate in semester-long studios, participate in pitch competitions, and participate in a vibrant learning community.

7. Startupbootcamp

Startupbootcamp SCALE Digital Health Miami is an accelerator that focuses on healthcare companies in the growth stage. The purpose of the program is to help those companies acquire new customers, increase their revenue, and get access to funding.

As a result, the program offers masterclasses, tailored mentoring, and connections to Startupbootcampโ€™s resources and partners.

Indeed, the participating companies receive up to $250,000 convertible notes, $20k cash for covering living expenses, and additional funding opportunities. Plus, they also get $500k worth of perks and discounts.

Additionally, the participants also get opportunities for testing, building, and scaling their products and services across Startupbootcampโ€™s network of pharma companies, healthcare providers, and insurers.

Eventually, the program ends with a Demo Day where the participants get to showcase their progress and raise additional funds.

8. The Launch Pad

The Launch Pad is a business incubator program launched by the University of Miami in association with Venture Mentoring Team, U Miami alumni network, and local startup support organizations.

As a result, they offer one-on-one mentoring and consultation and help with validating business concepts, creating financial models, developing marketing strategies, pitch guidance, etc.

Apart from that, they also have Launch Pad Med which works with innovators in the health and biotech field. This, too, is an incubator program that offers help with business concept validation, financial modeling, marketing strategy development, pitch guidance, fundraising basics, and more.

Also, it is worth mentioning that the programs are exclusively meant for the University of Miamiโ€™s current students, staff & faculty, and alumni.

9. The Venture City

The Venture City accelerator program focuses on early-stage founders across 20 industries.

In order to do so, they offer two programs that are:

  • First Ticket: This is a 3-month program with weekly customized support for founders in areas like data, product, operations, strategy, and fundraising. The participants receive a funding of anywhere between $100k and $300k. In addition, the founders also receive $200k worth of perks.
  • First Round: This program is for companies looking for funds to scale. They receive average funding of $2.5 million in pre-seed and series A funding rounds. Additionally, the participants also receive ad-hoc support. Plus, they also get $200k worth of perks and benefits.

10. Venture Hive Miami

The Venture Hive accelerator program is for those who want to take their concept or business to the next level.

As a result, they offer two programs offering companies at different stages. They are:

  • Idea to MVP (Pre-revenue): This program is for those who have an idea and want to turn it into an MVP, but are still not ready to quit their day job. The participants get help with validation of business concept, business strategy development, and building a data-driven business.
  • Startup to Sustainable Business: This program is for startups who want to scale up. As a result, the program offers complete review of the current business with focus on scaling.

Indeed, both the programs offer one-on-one mentoring sessions, free consultation with accountants and lawyers, networking with talented entrepreneurs, investors, & mentors, etc.

Finally, the participants get to pitch in front of investors to raise capital.

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