Southern Connection: Innovation Clusters in Mexico and the Bridge to Silicon Valley
As the Bay Area’s role as a global technology and innovation center has grown, the scope of its relationship with Mexico has expanded. This includes technology R&D and an active connection through startups. This presents opportunities to expand the relationship.
While manufacturing remains the base and Mexico’s production has continued to grow in sophistication and efficiency, US companies are also finding a large base of engineering talent. This can be harnessed for sales, customer support, and R&D serving the Mexican, Latin American, US and global markets.
The United States-Mexico-Canada Agreement (USMCA) provides an important framework for investment. Its approval ended a period of uncertainty and enabled the continued integration of North America’s markets. Tensions between the United States and China and concerns about over-dependence on China for strategic and other goods have led to a growing interest in resilient and secure global supply chains. With its proximity to the US and economic integration at the hemispheric level already underway, Mexico is in a strong position to benefit from the nearshoring of production by US companies.
Below you can download the document, and watch the presentation of its launch, which took place on June 16, 2021.
The Bay Area Council Economic Institute and the U.S.-Mexico Foundation present our report “Southern Connection: Innovation Clusters in Mexico and the Bridge to Silicon Valley”. Launched on June 16th, 2021, during the event Enrique Perret (Director, USMF) and Sean Randolph (Senior Director, Bay Area Council Economic Institute) presented the most relevant findings of the report, followed by a conversation between regional experts from both countries, and to conclude the event, our partners from Endeavor, Fundación Idea and Silicon Valley Bank commented on the importance of this effort.
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