People started to believe a startup culture could be created by developing the community.

The most recent grantee is PowerMoves, an initiative to raise the number of venture-backed founders of color and minorities.

This particular organization well-represents the foundation’s spirit. In the words of Matt Haggman, program director at the Knight Foundation, “Diversity is our differentiator; unlock talent and amplify capital.”

Matt has become the city’s superman, getting involved in most activities within the current communities; he could easily run for mayor any day. Through his work, the foundation has committed more than $20 million in funding across 165 entrepreneurship initiatives in the Miami area during the last three years.

Just as FIU’s VC conference stopped, Manny Medina started cooking his annual eMerge Americas conference, where folks such as Jim McKelvey, co-founder of Square, have inspired thousands of people. It was around that time when Miami’s reputation as the capital of South America got back into play as a differentiator and people started to believe a startup culture could be created by developing the community.

Entrepreneurs Demian Bellumio and Ola Ahlvarsson have also found a way to connect tech with art, another one of Miami traits. For three years now they have been producing SIME — the European conference — in the city around Art Basel Week, merging art, technology and media.