Economy ministry, Tec de Monterrey to establish technology parks council

- Friday, March 11, 2011

Economy ministry, Tec de Monterrey to establish technology parks council

Mexican economy minister Bruno Ferrari has signed an agreement with local higher education institution Tecnológico de Monterrey to establish a national technology parks council, according to a press release from Tecnológico de Monterrey.

The council will aim to reinforce collaboration among key actors in Mexico's technology parks, with the purpose of driving innovation and economic growth. The objective will be for the actors to share experiences, as well as to create a place for young entrepreneurs in the technology industry.

Tecnológico de Monterrey's rector at its Mexico City campus, Arturo Molina, said the technology parks are good for Mexico because they encourage an economy based on knowledge and innovation.

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Local media outlet Infochannel quoted Ferrari as saying that 730mn pesos (US$60.9mn) had been invested over the past three years in technology park operations, creating 7,000 total jobs. Additionally, the tech park model has created 2,000 high-level jobs and 45 research programs.

In Mexico, there are currently 28 technology parks in places such as Chihuahua, Guanajuato and Quintana Roo. Ferrari said the goal is to build 33 parks by 2012.