Month: May 2013

Archives for May 2013

South Florida Technology Summit

In another sign that South Florida is further trying to become a major High-Tech nexus, a South Florida Technology Summit was organized last Wednesday. South Florida has always been known for its tourism industry and real estate. To that one should add technology.

The first South Florida Technology Summit will offer attendees an opportunity to learn about the hottest gadgets and to prepare for future tech advancements with workshops, tutorials, presentations, keynotes and exhibits.

The annual technology summit, which is presented by TigerDirect.com in collaboration with The LAB Miami and Refresh Miami, took place from 1 to 9 p.m. on Wednesday at the Miami Airport Convention Center, 777 N.W. 72nd Ave. in Miami. The event is free and open to the public.

Companies showcasing their latest products include Intel, Microsoft, Sony, Dell, Samsung, LG, Toshiba and Canon, according to a news release.

Attendees can also expect top businesses, product executives and representatives from leading vendors to be on hand.

The Lab Miami, which is a campus for social and technology innovation, will host 15-minute workshops throughout the day. Topics will include product photography, pitching to venture capitalists, applying to accelerators and hardware hacking.

Businesses will be emphasis at the summit from 1 to 5 p.m. with dedicated seminars every 30 minutes. This portion will focus on how the latest technology and ideas can make businesses more productive, enhance the employee and consumer experience, and take the business to the next level.

Consumers will be the focus from 5 to 9 p.m. with complimentary food and beverages and the opportunity to chat with leaders in the technology field.

RefreshMiami, a nonprofit for the entrepreneurial and technology community in South Florida, will host its Demo Night at 7 p.m. and give 10 local technology companies five minutes to demonstrate their products and share their ideas.

Further promoting the Tech industry will lead to a better diversified local economy which will be able to grow in a more sustainable way and better weather any future downturns that may occur. We have a rich and diverse cultural makeup, which is one of South Florida’s great competitive advantage.

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eMerge Americas: South Florida’s SXSW

Take one part SXSW, and one part Art Basel, and you get eMerge Americas. Diane Sanchez, CEO of Technology Foundation of the Americas, and organizer of the event is doing a fantastic job in positioning South Florida as a reputable technology hub.

The eMerge Americas technology conference won’t be just taking over the Miami Beach Convention Center next year, but also the Fontainebleau Miami Beach and a lot of Lincoln Road, the CEO of the foundation that’s organizing it said on Thursday.

Diane S. Sánchez, CEO of Manny Medina‘s Technology Foundation of the Americas, said the event will be a combination of Art Basel and the South by Southwest event made famous in Austin.

The foundation is seeking 5,000 participants internationally and trying to identify 500 businesses and organizations that reflect the best in technology in South Florida to attend eMerge Americas, Sánchez said in a keynote address at the Greater Fort Lauderdale Alliance’s mid-year meeting.

The group’s sponsorship packages are peaking out at $150,000 while exhibitor packages will be available for $10,000.

Sánchez’s ambitious goals have credibility because Medina developed Terremark Worldwide and the NAP of the Americas, which he sold to Verizon Communcations (NSYE: VZ) for $1.5 billion. I interviewed Medina for the print edition of the Business Journal on April 12.

Sánchez also has plenty of high-level experience, too. She was president and CEO for Telefónica’s operations in North America and Puerto Rico, CEO of Global Crossing Latin America and president of Terremark.

Sánchez said plans for the conference are well timed because South Florida is emerging as the technology hub of the Americas and is probably the fifth-largest communications hub globally, partly because of undersea cables that land in the region.

She doesn’t see the region competing against San Francisco or Austin, but taking advantage of north-south trade.

“We are unique and we need to take advantage of it. If we don’t, shame on us,” she said.

Sánchez gave some statistics that compared Latin America to the U.S. and China.

In gross domestic product, Latin America has hit $7.2 trillion compared with $11.3 trillion in China and $15.1 trillion in the U.S.

The 600 million mobile phones in Latin America is a lot more than the 327 million in the U.S., although short of the 1 billion in China.

Latin America has 188 million Facebook users, more than the 167 million in the U.S. and the 580,000 in China.

Miami has a strategic advantage because the U.S. is rated fourth globally in ease of doing business compared with 126th for Brazil, 53rd for Mexico and 113th for Argentina, she said.

Citing statistics from World City, Sánchez said the region hosts more than 1,400 multinational corporations and the Miami Custom’s District had $124.73 billion in global trade. More than 70 percent of the workforce in Miami is bilingual.

Strong growth in Broward

In his remarks, new Alliance Chairman Gerard Litrento, the senior executive VP of retail and business banking at BankUnited, provided upbeat statistics about the state of business in Broward.

The 5.7 percent unemployment rate is the lowest of any major county in Florida and the Alliance has 164 relocation and expansion projects in its pipeline, he said.

The alliance counts $105 million in direct capital investment in the first half of its fiscal year, which is five times more than its $21 million goal.

The number of retained jobs at 748 is well ahead of the goal of 400.

With all the pieces in place, it is going to be exciting to observe the end product. With Real Estate, and Hospitality as dominating industries in South Florida, it is gratifying to see that biotech, and high tech companies are building strong footholds in the region and establishing themselves as respectable industries.

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South Florida Entrepreneurship

The South Florida Entrepreneurship spirit is picking up and more resources are becoming available and facilitating the jump to full business ownership. Our local Sun Sentinel recently reported some truly inspiring case studies.

Sheree Blum was a special education teacher in Palm Beach County before founding her artistic glass business, Kicking Glass by Sheree. She was thrilled when the retail chain Anthropologie recently bought her vintage-looking lacey plates.

Fort Lauderdale construction worker Bernard Jackson worked briefly in auto detailing and found he enjoyed the work. With the help of the Urban League and Broward’s small business agency, he now has his own business, S Squad Auto Detail and Pressure Cleaner.

Both South Florida residents turned to the Small Business Development Centers in Palm Beach and Broward counties for help with their business plans to build a solid foundation for their companies.

“With the economy the way it is, everybody needs an alternate source of income,” said Sharon Geltner, a certified business analyst with the SBDC at Palm Beach State College in Boca Raton. Starting a business on the side of a full-time job is often recommended by business counselors.

For some, what they start as a part-time income producer becomes their full-time work. But they often need help with marketing, e-commerce and financial resources to succeed, Geltner said.

Creativity develops into business

After teaching for 20 years, Blum said she was ready to do something else.

“I worked with kids who were bright, they just had problems,” said Blum, 56, who had taught emotionally handicapped children in Pahokee, troubled teen-aged boys at Department of Juvenile Justice, and at Eagle Academy and Crossroads Academy in Belle Glade. She’s also the mother of four, now adults.

Blum’s business started with a curiosity about the art of Venetian glass. She attended a summer-long program in Winter Harbor, Maine, to learn a technique developed by Bill Sydenstricker of Cape Cod and Wayne Taylor from Lee Art Glass, which has locations in Maine and Mount Dora.

“I had a knack for it,” she said. “It just seemed to fit my personality well.”

She began making plates and showing them at art and craft shows in South Florida, in North Carolina and Georgia.

At the green market in Wellington, a buyer for Anthropologie came by and bought $100 worth of glass. She was excited about that. Then she got a phone call and an order for 2,400 plates from the store.

She makes as many as 40 plates a day in her kiln. “I watch them like babies,” Blum said, referring to the delicate process of changing temperatures in making glass.

Thanks to help from SBDC counselor Gelter, Blum said her business is set up properly. Gelter also connected her with an e-commerce expert. Now Blum is seeing a small profit.

Construction worker starts auto detail business

Former construction worker Bernard Jackson, 32, was going through a transition after divorce and looking for a new way to support himself. Through a program with the Urban League of Broward County, he saved $500 toward a business, took classes about starting a business, and created a business plan. The Urban League then referred him to Broward’s SBDC for additional help.

Armed with information, he realized: “I can own my own business if I just apply myself.”

From the SBDC, he learned “it’s important to get all the details of your business out on the table. The best way to do it is to do it right.” The small-business counselors helped him improve his plan for the auto detail business.

With the help of his brother, Cedric, he’s working primarily in Broward County, but plans to expand throughout South Florida.

“Once I do that one person’s car in a building, the next week we’ve got the whole building,” Jackson said.

The business was more expensive to set up than he expected. He raised about $15,000 from friends and family to invest in car-cleaning equipment.

Jackson said he is optimistic about his business’ success.

“There are a million cars coming off the assembly line. How can you not make money? Even if they transfer to spaceships, you’re still going to need detailing,” he jokes.

With business ownership comes many great responsibilities. Budget control is one of them and maintaining a low overhead is a priority. An office suite can provide several of the benefits of a large company feel at a fraction of the cost.

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