A group of Mexican entrepreneurs have created an innovative organization for supporting startups in coordination with the Monterrey Institute of Technology and Higher Education (TEC).
ENLACE E+E was established four years ago by a group of successful Mexican business leaders. “We tried to devise a model that would support many skilled unemployed friends and link them to an initiative with the TEC. Using my personal experience as an Endeavor entrepreneur and the great benefits that I received, it was the perfect opportunity to create a similar program to help early-stage companies in Mexico,” said Enrique Gómez Junco, the national director of the program.
Junco and his fellow entrepreneurs worked through ENLACE E+E to create a network that supports early-stage businesses that are characterized by their innovation, growth potential and entrepreneurial leadership. ENLACE E+E provides this support in two primary ways: by sharing knowledge and experience, and by facilitating access to networks and funding.
Entrepreneurs who join the program are matched with three mentors who guide and support their development. The mentor network of ENLACE E+E includes many successful entrepreneurs as well as experienced business leaders.
In just four years, ENLACE E+E created an extensive network of more than 350 mentors. The support of these individuals has led to impressive results. The average start-up company support by ENLACE E+E saw an annual increase in sales of 37 percent over a three-year period to reach revenues of $1.3 million USD.
The ENLACE E+E program is also growing substantially. It is now established in more than six Mexican cities and hopes to continue to expand to other regions in the country via the numerous Tecnológico de Monterrey University campuses. For more information, please visit ENLACE E+E’s w ebsite, www.enlacee.org.
Contributed by Luisa Sucre and Haley Goodman.