The readers’ forum

Venture Hive provides working formula

 

Miami-Dade County and the city of Miami’s Downtown Development Authority took an important step to establish Miami as a viable technology startup hub when they jointly funded the Venture Hive accelerator program last year.

As Venture Hive welcomes its next class of companies, some of its earliest members are taking flight and bringing innovation to the market.

The recent consumer launch of GetMyRx offers a clear example of how the city is attracting and nurturing startups from around the world.

GetMyRx is a mobile app developed here in Miami that lets consumers order prescriptions effortlessly. The app matches the user’s location with the nearest pharmacy able to deliver the medication within minutes at no additional charge. Our technology aims to reduce “prescription leakage,” the more than 30 percent of new prescriptions that go unfilled.

When I first conceptualized GetMyRx in 2012 I was living in Spain and had recently left an executive post with one of the world’s largest pharmaceutical companies. At that point, I was armed with little more than an idea.

Venture Hive seemed like an attractive springboard for bringing my concept to life and entering the U.S. market. When the company was chosen to take part in Venture Hive’s inaugural class, I moved to Miami with my wife and two young children in a matter of weeks.

Up to that point, I had not considered Miami as an option for my company’s headquarters.

Bringing GetMyRx to market in less than a year was made possible through support from Venture Hive. Much more than a traditional grant, the program afforded me an opportunity to connect with high-profile mentors while working alongside bright entrepreneurs. Looking forward, I intend to remain in Miami, plotting the next phase of my company’s growth and raising my family here.

Miami’s public sector should continue investing in worthy accelerator programs. Enticing early-stage companies with funding, workspace, mentorship and industry connections is critical to diversifying the city’s economy and attracting new talent. The Venture Hive experiment in downtown is proving that this formula works.

Luis Angel, member, inaugural class, Venture Hive, Miami

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