Mexico has a booming high-tech economy, with soaring demand for both B2C, B2B, and B2G solutions. Part of NAFTA, Mexico is the natural “first step” into Latin America for most businesses considering a move into the region.
The country has its own, very particular culture and business model. Mexico is not similar to any other in the region. All LatAm countries have some slang, but Mexican vocabulary is rich with local dialect, and misunderstandings during a business negotiation are possible if you don’t speak Mexican.
Greater Mexico City alone has a population of 21.2 million people, around 7% of the country’s total population. But Mexico City is not the only business center in Mexico. Medium-sized cities like Monterrey and Guadalajara, each with around 4 million people, are both important high-tech hubs.
According to the World Economic Forum, in 2015 Mexico produced more than 110,000 engineering graduates, placing the country in the top ten worldwide, and the leader in Latin America.
“We want to support entrepreneurs that are thinking they can change the world with their solutions, those solutions that can fix some of the traditional problems we have in the country and that can scale to the region”
—Adriana Tortajada, General Director of Entrepreneurship and Financial programs at INADEM
Mexico has a long history of being the gateway between English-speaking North America and the rest of Latin America. Going forward, Mexico looks set to continue that role in the high-tech innovation space.
Find more about one of the most diverse startup nations in Latin America White Paper: Mexico Startup Ecosystem