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Innovation and Entrepreneurship in Mexico - H.E. Ambassador Marco Antonio García Blanco, SEE MIKTA seminar, November 2017


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H.E. Ambassador of Mexico to Serbia, Marco Antonio García Blanco, presented his country's experiences in encouraging the development of SMEs and entrepreneurs, particularly the support provided by INADEM - National Institute of the Entrepreneur.

Mexico is the 15th largest economy by GDP, while 99.8% of all businesses are SMEs and entrepreneurs.

Mexican experiences were presented by the Ambassador within the seminar SEE MIKTA: Innovation and Entrepreneurship, organized on 23 November 2017 in Belgrade, by NALED and embassies of MIKTA countries - Mexico, Indonesia, Korea, Turkey and Australia.

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Innovation and Entrepreneurship in Mexico - H.E. Ambassador Marco Antonio García Blanco, SEE MIKTA seminar, November 2017

  1. 1. Innovation and Entrepreneurship in Mexico November 23rd, 2017
  2. 2. Importance of Micro, Small & Medium Enterprises (MSME) in Mexico 99.8% of Mexican companies 71% of the Labor force Mexico is the largest Spanish-speaking country in the world and the 12th most populous country with +120 million people. 9th most populous country by 2030 with 148 million people.
  3. 3. National Institute of the Entrepreneur (INADEM)  Stablished in 2012, INADEM is an administrative body belonging to the Ministry of Economy that aims to implement and coordinate the national policy to support entrepreneurs and micro, small and medium enterprises (MSMEs). Among its main objectives are:  Grant legal and regulatory advice that encourages MSMEs development.  Train entrepreneurs in management and managerial skills.  Help in the development of productive, technological and innovation capacities.  Help MSMEs to access global value chains.
  4. 4.  INADEM operates to a large extent through the Entrepreneur Support Network, which is a group of governmental and private organizations that offer products, plans, training, services, programs that help entrepreneurs carry out their project.  This network operates through a platform where you can find everything from theoretical, legal or economic support to a business network where you can link your product, idea or service. National Institute of the Entrepreneur (INADEM)
  5. 5. 4 Strategic lines + 1 Transversal axis 2. Skills and capabilities. 3. Adoption and Technological Development. 4. Access to Financing. 1. Articulation of Value Chains. Facilitationandclimate suitableforbusiness
  6. 6. INADEM´s Programs Its main objective is to increase the productivity of the MSME and regional competitiveness. Its purpose is to propose the mechanisms that foster innovation, the acceleration of companies, incubation and the promotion of entrepreneurial culture. Its purpose is to propose and develop mechanisms that facilitate the access and incorporation of the MSME and the entrepreneurs to the different financing schemes. Its objective is to support micro, small and medium enterprises in the training and strengthening of their business skills through comprehensive training and consulting projects. Programs for strategic sectors and for regional development Programs of entrepreneurial development Programs for entrepreneurs and financing Programs for MSMEs
  7. 7. 24 75 36 32 High Impact Incubators Fablabs & Makerspaces Accelerators Universities Where we are?
  8. 8. ➢ 30,184 beneficiary businesses. ➢ Almost 3 million new jobs since 2012. ➢ 80% of high technology exports in Latin America are Mexican. ➢ Leader Fintech in Latin America with 238 startups. Where we are?
  9. 9. ➢ 8.6 percentage points of growth in business loans (26.4% in 2012 to 35% in 2016). ➢ Through the INADEM support, the added value of MSMEs was increased to 41% in 2016, 6.3% more than 2012. ➢ Productivity increased gradually and sustained. Where we are?
  10. 10. Where we are?  Mexico is the 15th largest economy worldwide by GDP current prices.  According with Bloomberg, PWHC and The Economist, Mexico will be the 7th largest economy by 2050.  Mexico trade on yearly basis 797 billion USD = 2.2 billion USD daily and has a free trade agreement´s network with 46 countries.
  11. 11. Where we are?  Mexico is the 8th most visited country with more than 35 millions of international visitors.  Mexico is the 13th largest exporter in the world, and Latina America´s leading exporter, accounting for 34% of the region´s total trade.  Between 2012 and 2017, Mexico got 156 billion USD of Foreign Direct Investment (average per year = 31.2 billion USD).
  12. 12. Thank You!