Media of Interest
360-Degree Transformation of a Financial Institution: Navigating Towards a Prosperous Future
This book will immerse you in the most cutting-edge trends in the financial industry, especially those related to financial institutions, from artificial intelligence and blockchain to innovative mobile applications. You'll learn how these technologies are driving a complete transformation of financial institutions, providing unprecedented efficiency, security, and opportunities.
Capital Investment Talk "I Want to Learn Innovation"
Investment funds are expanding into southeastern Mexico. Let's learn about the experiences taking place in Mérida, Yucatán, and how they are transforming the region's economy.
The Mayan Capital Fund, innovation in venture capital
July 16, 2018
The Financier
Alberto Muñoz
Having access to private equity funds for innovation shouldn't be complicated. So-called development banking has been evolving rapidly in our country, just as the entrepreneurial spirit has been. I still remember the slogan "employ yourself" more than 20 years ago: it seemed like the business world was becoming accessible to everyone. In reality, the business world is open, above all, to good ideas, and long-lived to those ideas that translate into solutions that are sustainably consumed by customers loyal to the product, the brand, and, more recently, the service. The private sector employs more than 90 percent of the entire economically active population.
This requires financial instruments, access to fresh money quickly, effectively, and, above all, without bureaucracy. Venture capitalists—or VCs—are financial intermediaries who manage investors' capital and invest it in a portfolio of companies. Unlike angel investors, VCs use other people's money, who entrust their capital to them, with which they create financial entities such as trusts or specialized funds. VCs generally only invest in private companies, which they monitor to ensure that both these companies and their investors achieve a profit, preferably much higher than with any other traditional financial instrument. Furthermore, VCs will seek to scale the emerging company to the point where it can be sold at a fairly attractive price. Unlike investing in a building, where the value of the property is a tangible asset whose price depends on the specific characteristics of its tangible unit, for example, investments in technology companies have an intangible asset value primarily related to the potential of their intangible characteristics, such as the value of a brand, a patent, etc.
Yucatán, Mexico's new 'mini' Silicon Valley
Considered by the Global Entrepreneurship Monitor as one of the best ecosystems in the world, the state is beginning to attract investors seeking business opportunities.
vie 05 abril 2019 05:00 AM
MEXICO CITY (Expansión). It's not Mexico City, Monterrey, or Guadalajara; the new entrepreneurship boom is in Yucatán. Continuing policies supporting new businesses, the presence of investment funds, the development of human talent, and a robust network of incubators and accelerators have positioned the peninsula on the map of the national ecosystem and among the 13 best in the world.
"Yucatán is experiencing a very important moment in entrepreneurship," says Randy Cruz, founder and CEO of Zenzzer, a device that measures the gasoline in a car and has been rolled out in Mexico and Chile and will enter the Colombian market in 2019. "The boom is due to the entry of new players in recent years that support companies and the timing of entrepreneurship in Mexico."
Riding this boom, the state government launched two funds to support innovation. The state, home to more than two million people and where entrepreneurship is a desirable career option, received more than 542 million pesos from the National Entrepreneurship Fund (FNE) for more than 74,000 projects between 2013 and 2016, according to data from the National Entrepreneurship Institute (Inadem). And the support continued in the following two years. One of them was from Raúl Pereza, who created the Mayan Capital Fund in March 2016.
This is the first private equity fund in southeastern Mexico, raising 70 million pesos with support from local entrepreneurs. “We're looking to expand; I hope we can achieve it this year,” the founder says. Mayan Capital Fund has invested in 15 companies in the region, including Finerio, a personal finance app; Geolytics, which collects and analyzes sales data using geolocation and artificial intelligence; and SolexVintel, which develops intelligent computer vision systems for different industries.
"We see initiatives that serve many sectors, are scalable, and disruptive. They are better structured, which makes evaluation and scouting easier for us," the investor comments. GC Capital and Dux Capital are other funds beginning to establish a presence in the state, in addition to a network of angel investors, explains Mayra Domínguez, deputy director of the Yucatecan Institute of Entrepreneurs (IYE).
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