The National Institute of Entrepreneurs (INADEM) has spent over 27 billion pesos supporting Mexican entrepreneurs:
“It is they who, with their enthusiasm, creative capacity and innovation, contribute to the development of the entrepreneurial ecosystem. “Good things count and we want them to go on counting”: #5toInforme EPN
The creation of 40 Entrepreneurial Capital Funds has also been supported to benefit 472 high impact companies.
The government wishes to be a great facilitator, and channel and provide spaces for the achievement of the efforts of our young people, who have creativity, talent, and a desire to succeed”: EPN
From January 2013 to June 2017, INADEM allocated resources in excess of 19.5 billion pesos to support over 387,000 entrepreneurs and 566,000 MIPYMES. From September 2016 to June 2017 alone, it supported nearly 120,000 entrepreneurs and 136,000 MIPYMES, with over 5.2 billion pesos.
Some of these resources have been channeled through the National Guarantee System. From January 2013 to June 2017, this system facilitated access to credit for almost 398,000 MSMEs, through 13 billion pesos in resources. It should be noted that, from September 2016 to June 2017, each peso under guarantee has triggered 43 pesos in credit, through private banking.
Likewise, from January 2013 to June 2017, INADEM supported the creation of 40 Entrepreneurial Capital Funds, which will be reflected in a joint investment of over 4.8 billion pesos, for the benefit of 472 high impact companies.
- Today it is possible to create a company through the Internet, for free and in just 24 hours.
- So far during this administration, INADEM has allocated over 27.5 billion pesos to supporting more than 1.6 million entrepreneurs, and promoting 730,000 micro, small and medium-sized businesses.
- The network has served more than one million entrepreneurs and 413,000 micro, small and medium-sized businesses.
- Youth Credit was launched to provide initial financing. From February 2015 to September 2016, 560 million pesos were allocated to support more than 1,700 young entrepreneurs.
- Financing for people up to the age of 70, through the Entrepreneurs to Commercial Banking Program.
- Tax benefits: when entrepreneurs join the formal sector, the first year they are exempt from income tax; the second year, they will only pay 10%; the third only 20%; and so on, year after year, until they pay 100% income tax.
- During National Entrepreneurs’ Week, an electronic platform will be launched, with will make it possible to constitute Simplified Stock Companies.
“Today, Mexican entrepreneurs have more and better tools to start their own business, launch a new product on the market or provide quality service”: EPN