The LAB Miami gets $650k in funding from Knight and angels to open new work-learn space

By Anna Heim

The LAB Miami is officially opening a new 10,000 square foot collaborative work-learn space following a successful fundraising round, Knight Foundation’s Program Director for Miami Matt Haggman announced on stage today during the America’s Venture Capital Conference (AVCC).

The Miami-based foundation invested a total of $250,000 in the project, with the rest of the funding coming from a group of Florida-based investors led by Faquiry Diaz-Cala, Boris Hirmas Said, Daniel Echavarria and Marco Giberti (see our previous interview).

Thanks to the funding, The LAB Miami has moved into a new space, which is much larger than its previous location. Both venues are located in Miami’s Wynwood Art District. As you may know, this trendy neighborhood is home to over 70 galleries, museums, art collections and many graffiti and street artists.

Before the official announcement was made, The LAB Miami had already started to make use of its new venue. While adding the finishing touches to its space, it welcomed HackDay’s latest hackathon for a weekend of non-stop coding, followed by the first edition of Wayra Global Demo Day (see our story).

Some of Knight Foundation’s funding is a $30k grant that The LAB Miami received as part of Knight Arts Challenge Miami, which is dedicated to fostering the arts. The LAB’s winning project is a three-day art hackathon that will bring together artists and geeks.

As a matter of fact, one of the differentials of The LAB Miami and of Miami’s tech scene as a whole is the connection it boasts with the art world. “Our message is come for Art Basel, and stay for AVCC,” lawyer, entrepreneur and investor Juan Pablo Cappello recently told the Miami Herald, in a reference to the well-known art fair that brought many art collectors and amateurs to the city over the last weekend.

The LAB Miami will also take this connection into account. “The campus is seeking a diversified mix of tenants that includes tech startups, programmers, designers, investors, serial entrepreneurs, nonprofits, artists and academics to create a dynamic environment,” it explained in its press release.

Read more at TheNExtWeb.com

 

About the John S. and James L. Knight Foundation

Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged. For more, visit www.knightfoundation.org.