A vision of Miami as a technology hub is coming into focus.
The Cambridge Innovation Center is the latest high-profile startup-centric organization to bet big on Miami’s future. The company chose Miami as its second U.S. expansion location, and its center will eventually house more than 500 tech startup companies.
The new center, modeled on its successful spaces in the Boston-Cambridge area that house and support startups, will be in the University of Miami Life Science & Technology Park in Overtown. Organizers aim to open in the fall of 2016; some of the space may open in the spring. Initially it will take up 70,000 square feet in offices, co-working and event space for entrepreneurs, but plans call for an expansion of at least another 50,000 square feet. The CIC team hopes that it will help anchor an innovation district that will serve all of Latin America.