Mexico

Institution: Instituto Tecnológico y de Estudios Superiores de Monterrey
Survey Vendor: Alduncin y Asociados
Funders: Tecnológico de Monterrey Campus León

Tecnológico de Monterrey Campus Guadalajara
Key Indicators
TEA: 19%
 
Total early-stage Entrepreneurial Activity: percentage of 18-64 population who are either a nascent entrepreneur or owner-manager of a new business
Established Business Ownership: 4.5%
 
Percentage of 18-64 population who are currently an owner-manager of an established business, i.e., owning and managing a running business that has paid salaries, wages, or any other payments to the owners for more than 42 months
Perceived Opportunities: 49%
 
Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who see good opportunities to start a firm in the area where they live
Perceived Capabilities: 53%
 
Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who believe they have the required skills and knowledge to start a business
Entrepreneurial Intention: 17%
 
Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who are latent entrepreneurs and who intend to start a business within three years
Fear of Failure: 30%
 
Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who indicate that fear of failure would prevent them from setting up a business

Strong perceptions of opportunities and capabilities, with a growing level of entrepreneurial activity


Most recent data: 2014


In recent years, Total early-stage Entrepreneurial Activity (TEA) rates in Mexico have been increasing consistently; TEA in 2011 was 9.6% and it doubled in 2014 reaching 19% of the adult population. This rate is now above the average for Latin American countries (17.6%) and for efficiency-driven economies; the results for Mexico are higher than all countries in the innovation-driven stage of development.

Mexicans tend to start businesses to pursue an opportunity, rather than out of necessity - three out of four (76%) early-stage entrepreneurs start a business pursuing an opportunity and 50% are improvement–driven; as in previous years the majority of new businesses are consumer-oriented. 

Nearly half of the adult population perceive good opportunities to start a business, and 53.5% believe they have the necessary skills to do so. However, this figure has seen a steady decrease since 2010, when it reached a high of 65%. This is the average for countries in the efficiency-driven stage of development but is ten points below the Latin America average. 

Growth ambitions are modest: only 1.5% of Mexico’s entrepreneurs expect to grow their businesses by 20 or more employees in the next five years, which is low compared with the Latin America average of 7.5%. Furthermore, Mexican entrepreneurs are less internationally oriented, just 1.4% of established business owners state that more than 75% of their customers come from abroad.

The average Mexican entrepreneur is between 25 and 44 years old, male or female, with post-secondary education, and in a consumer-oriented business.



Enablers and Constraints


Key informants interviewed as part of the GEM National Experts Survey consider that the strongest enabler of entrepreneurship in Mexico is its infrastructure; however, regulation in national policy has the lowest positive perception. Financing programs providing support to entrepreneurs and basic education need improvement, and there also are important issues to address in terms of internal market openness; progress in these areas will greatly benefit the entrepreneurial ecosystem.


Initiatives Supporting Entrepreneurship


Programs and policies encouraging entrepreneurship occur at national and local levels. The federal government founded the National Institute of Entrepreneurship to promote entrepreneurial activity around the country. There are a number of incubators which assist people in the steps necessary to starting a business. Higher education institutions, like the Tecnológico de Monterrey, are actively promoting entrepreneurship as a way of life.



Trends Over Time


The confidence of Mexicans in their ability to start a business has been decreasing, but their perception of the opportunities for doing so, increased in the same period. Fear of failure has remained generally consistent since GEM data was first collected in the country in 2001 (about one third of the population). In the past three years, TEA rates have been consistently increasing, doubling from 2011 to 2014.


Challenges for the Future


The big challenge is getting entrepreneurs to be more innovative and technologically oriented, increasing competitiveness and satisfying the global consumer.

Mexico Reports

Name
Report information
pdf
  • Year of publication: 2016
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2016-09-08

  • Besides the GEM results for the region, the Jalisco report 2015 presents an overview of the local entrepreneurial ecosystem, including the most important actors involved in promoting entrepreneurship, their interactions and some of the successful initiatives they have already put in practice. In addition, the Jalisco report 2015 graphically presents a comparison among the opinions of 37 experts, allowing a better understanding of why the region is considered by some columnists as the next "Latin Silicon Valley".
  • URL: http://www.gemconsortium.org/report/49566
GEM Mexico 2015 - Jalisco Regional Report
Report information
pdf
  • Year of publication: 2016
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2016-09-08

  • The GEM report for the region of Querétaro compares the main indicators of GEM Mexico with the local ones, including social values, perceptions, entrepreneurial behavior, and the characteristics of entrepreneurs of new and established business. The report includes the evaluation of the entrepreneurial context made by 38 experts. The region presents very strong values towards entrepreneurship and one of the lowest rates for business discontinuance. Nevertheless, the impact and innovation of new business is an important challenge.
  • URL: http://www.gemconsortium.org/report/49567
GEM Mexico 2015 - Querétaro Regional Report
Report information
pdf
Reporte Nacional 2014 México
Report information
pdf
Reporte Nacional 2014 México
Report information
pdf
  • Year of publication: 2014
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2015-03-27

  • El Tecnológico de Monterrey es partícipe del proyecto del Global Entrepreneurship Monitor (GEM), iniciativa de Babson College que una vez más en su edición 2013 convoca a expertos investigadores en el tema de emprendimiento. Ante la situación de crisis económica que se está viviendo en los últimos años cobra especial importancia el diseño de políticas públicas que permitan enfrentar los desafíos actuales, es así que el emprendedor se convierte en pieza clave para el desarrollo de actividades productivas que coadyuven al crecimiento del país.

  • URL: http://www.gemconsortium.org/report/48858
GEM Mexico 2013 Report
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