Tecnológico de Monterrey therefore opened a pilot “business incubator” where students could develop business ideas with help from a mentor and, on occasion, specialist consultants. “The students liked the process,” Arturo continues, “so we started to put business incubators on each campus and open them up to alumni and community members, too.” Today, Tecnológico de Monterrey’s 100,000 students—15,000 of whom


are based in Monterrey, with the rest spread across 30 additional campuses throughout Mexico and at sites overseas—have use of an astounding 106 business incubators. Serving around 2,500 businesses a year, some 800 of which go on to become operating companies, these include technology-based incubators and traditional incubators. “The latter support people who are economically disadvantaged, with student entrepreneurs becoming their


mentors,” explains Arturo. In addition, Tecnológico de Monterrey’s “business accelerators” provide mentoring and coaching to help existing businesses grow.


MAKING A DIFFERENCE In autumn 2013, the university pushed its entrepreneurial remit further still. “Previously, we taught entrepreneurship as a class in its own right,” says Arturo. “Now, we’re weaving an entrepreneurial spirit into our classes across the curriculum.” Central to this is the idea of ethical purpose. Students are expected


to seek creative solutions to global problems by developing business ideas that will not only benefit themselves, but also make a positive difference to the wider community. �


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