Launch Pad Tech is a startup accelerator that leverages the strengths of Miami by focusing on technology startups in three verticals: travel/ hospitality, healthcare, and creatives (art, design, fashion, music, film, etc). For each program, Launch Pad select 10 companies who each get a $25,000 grant (NO EQUITY), a year of free office space, and mentoring and support. Launch Pad also adopts 25 Miami-based startups outside of the accelerator verticals to participate in the structured program and receive mentoring and access to a new collaborative space - bringing the tech community together. A prospective company can already have received external funding but no more than $500,000.