MIAMI—South Florida's research parks have been making some noise lately. But can the market establish itself as a research and development cluster that competes with the likes of Boston, New York and North Carolina's Research Triangle? Some are beginning to think so.

When biotech started taking off a decade ago, economic development agencies from around the world trumpeted the benefits of their cities, states and regions for life science companies. Heavy concessions were offered, marketing programs were rolled out and headlines were penned.

South Florida didn't make a bold move then, but it's taking a progressive step now. There are two notable examples: the University of Miami Life Sciences & Technology Park and the Tradition Center for Innovation.

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