9 P a g e The National Council for Science and Technology CONACYT focuses

9 p a g e the national council for science and

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The National Council for Science and Technology (CONACYT) focuses on innovation policies that facilitated development in high-impact industry sectors while cooperating with universities. Prosoft, a government-sponsored programs that promote IT in Mexico. Nacional Financiera (NAFIN) offered financial assistance in terms of investment for start-ups businesses. The National Institutes for the Entrepreneur in Mexico (INADEM) assists in strengthening the entrepreneurial ecosystem. The state of Neuvo Leon has also launched initiatives with cooperation of the Neuvo’s Leon Minstry of Economic Development (SEDEC) to strengthen the value chain within the selected clusters and link firms with academic institution of the region. Other than that, the governor of the state has launched Neuvo Leon Cluster Council that link the industries clusters with the state’s long-term development plan while introducing the Law for Investment and Employment to support clusters financially. Other than Neuvo Leon, further states have also introduced strategies to surge the productivity of the entrepreneurship in the region such as being deploy in Queretaro’s aerospace clusters, Baja California’s “Streghtening and Creating Cluster Program” deployment and Jalisco’s entrepreneurship ecosystem development. Finally, the economics actors’ organizations and also institutions also played major role in fostering entrepreneurship in the country. Naranya and Csoftmty played major role in the successfulness of the region in establishing sustainable clusters and moving Monterrey known for its entrepreneurial ecosystem, digital innovation and the quality and professionalism of its labor force. The two organization has builed more than 3000 jobs in the IT sector by introducing programs such as Apporta mobile apps competition and providing funds through Naranya Labs. Institution such as The Tehnological Research and Innovation Park (PIIT) and The Institute for Innovation and Technological Transfer (I2T2) also play major role in providing infrastructure to the clusters in the region. The state governments have also individually introducing policies to promote regional innovation development that are focuses on areas in which they wanted to improve their ranking. The end goals of the regional regulations are to consistently grow the clusters while boosting the Foreign Direct Investment (FDI) for the country 10 | P a g e
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and to deal with regional differences in Mexico. The Mexican states followed very different strategies such as Intellectual Property registration, Bar Code Registration and etc. The best policies that has been introduced by the states is from Aguascalientes which created a special committee to identify labour market needs, define priorities for human capital formation and work with different industry chambers to define regional needs in terms of university graduates. This policy suits to be applied in every region to solve the regional differences and also sustain the clusters competitively. 11 | P a g e
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