Mexico has the ability to be the innovation leader in Latin America for emerging industries, such as EV development; 4G/5G telecommunications rollout; and affordable, smart, and green housing; as well as in more established areas, including tourism and medical devices. The key to Mexico becoming the innovation gateway for Latin America is in nurturing R&D and startup ecosystems that build on the progress Mexico is already making.
In the last 6 years, growth of new start-ups led by 18- to 64-year-olds has been highest in Mexico among all other LATAM countries. This growth was more than double that of innovation-driven economies including the United Kingdom, Sweden, Luxembourg, and Switzerland.
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