Disir
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Why doesn’t Mexico City, Mexico’s giant, sprawling capital, win more tech plaudits? Perhaps because the backstories of manufacturing and manic Jalisco and Tijuana are more captivating for those looking to link Silicon Valley with entrepreneurs south of the border. But also perhaps because, as a 22m-strong city, the largest in the western hemisphere and Spanish-speaking world, Mexico City should, by all accounts, be its nation’s tech powerhouse.
The stats certainly support the latter: Mexico City accounts for around a quarter, or $490.6bn, or Mexico’s entire GDP. Its universities produce 130,000 graduates each year, and the city has been the regional seat of power all the way back to its time as the Aztec capital of Tenochtitlan in 1325, whose temples, razed by Spanish conquistadors, sit right beneath its center.
That has allowed Mexico City, the world’s eleventh largest metropolitan area, to receive a huge amount of government largesse–much of which has been praised by entrepreneurs for its role in bringing a vibrant, eclectic tech scene to the capital.
The state’s Entrepreneur Week has become a staple of the ecosystem, and pairs large multinationals with young, local talent. INADEM, the national institute for entrepreneurs, has its headquarters in Mexico City, from where it currently supports over 20 seed funds. So does Fondo de Fondos, a private equity firm that manages $700m in assets.
Mexico City: The 22 Million-Strong Underdog of Mexican Tech — Red Herring
Moving up in tech.
The stats certainly support the latter: Mexico City accounts for around a quarter, or $490.6bn, or Mexico’s entire GDP. Its universities produce 130,000 graduates each year, and the city has been the regional seat of power all the way back to its time as the Aztec capital of Tenochtitlan in 1325, whose temples, razed by Spanish conquistadors, sit right beneath its center.
That has allowed Mexico City, the world’s eleventh largest metropolitan area, to receive a huge amount of government largesse–much of which has been praised by entrepreneurs for its role in bringing a vibrant, eclectic tech scene to the capital.
The state’s Entrepreneur Week has become a staple of the ecosystem, and pairs large multinationals with young, local talent. INADEM, the national institute for entrepreneurs, has its headquarters in Mexico City, from where it currently supports over 20 seed funds. So does Fondo de Fondos, a private equity firm that manages $700m in assets.
Mexico City: The 22 Million-Strong Underdog of Mexican Tech — Red Herring
Moving up in tech.
