Tag: tech hub

Mexico: The new global technology development hub ITJ

Mexico: The New Global Technology Development Hub

Posted on | by TeresaPenafiel | 1 Comment on Mexico: The New Global Technology Development Hub

Due to its rapid expansion across a number of sectors and businesses, Mexico is quickly becoming a desirable innovation destination for American organizations. Many consider Mexico the new global technology development hub by now. 

Mexico’s Technology Development Outlook

According to Frost & Sullivan, Mexico’s economy has the potential to grow by more than $245 billion in cumulative GDP through 2025 via increased investment in R&D, education, and a tech-enabled society.

Mexico currently features the largest fintech ecosystem in Latin America and serves as the gateway to Latin America for technological innovation. In fact, the country’s fintech law (Ley Fintech) went into force in 2018 and laid out regulatory sandboxes for fintech products and guidelines for crowdfunding, cryptocurrencies, and APIs. Due to the safety net provided by the regulatory framework, international investors are strongly attracted.

According to this report, the number of students enrolled in higher education has been rising consistently over the past ten years. In Mexico, the majority of high schools supported by the government are typically focused on the physical and mathematical disciplines. And this is where many young people who are good in math and science begin their quest to become professionals in order to improve their financial situation. Furthermore, a study carried out by the Mexican statistical office (INEGI) indicates that there are almost 1 million people with computer science and IT studies, consisting of 68% men and 32% female. In fact, the technology workforce in Mexico is growing three times faster than the average worldwide rate.

Mexico is one of the top exporters of information and communication technology equipment, the OECD claims. And, according to the World Bank, Mexico is Latin America’s top exporter of high-tech products, placing it on par with advanced nations in terms of technological advancement.

Mexico has invested significantly in infrastructure development. Thus, existing industrial areas in Mexico offer crucial services to businesses looking for foreign direct investment. The leading cities right now include Mexico City’s tech scene, Tijuana, Guadalajara, Monterrey, and others.

As in any industry, it’s fair to say that a variety of developments have combined to make Mexico a more appealing alternative, particularly for American businesses. We are in trying times in the US with an upcoming recession, and it’s time to look for better options. If you have nearshoring plans, contact us! We can assist you.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

A new center of excellence in Tijuana by ITJ

A new Technology Center of Excellence in Tijuana

Posted on | by TeresaPenafiel | 4 Comments on A new Technology Center of Excellence in Tijuana

TIJUANA, Mexico August 2, 2022 – ITJ opened its new Technology Center of Excellence in Tijuana, Mexico. The state-of-the-art facility will be home to the next generation of digital talent in Baja California, contributing to the growth of California’s innovation economy. 

For this milestone, the company gathered representatives of government and binational leaders. Mexico’s Consulate in San Diego, the U.S. Consulate General in Tijuana, and Baja California State’s Secretariat of Economic Development and Innovation were among the guests. In addition, the World Trade Center San Diego, Tijuana EDC, San Diego EDC, U.S., and companies leading software development and biotech innovation in the region also attended the event. 

After achieving a company growth of 200%, folding its client base, and developing an efficient trainee program, ITJ is ready to boost efforts and continue empowering partners to deliver digital innovation that improves people’s lives. 

“We are blessed to be part of this thriving region. I am proud of our talented teams and thankful for our client’s trust during this time. This is a milestone for ITJ and our binational ecosystem,” said Maritza Diaz, ITJ’s CEO. 

The symbiosis between San Diego and Tijuana has been crucial to building a prominent mega-region and tech hub in the Life Sciences industry. To enable companies to become more competitive in mind, the new center integrates spaces for collaborative environments, scrum rooms, and more. The flexible workspaces, which occupy an entire floor, support a capacity of our employee target growth of 62% per year. The offices are fixed to encourage the creativity and efficiency of the team and support real-time collaboration with clients who leverage the location advantages of being 30 minutes driving distance from San Diego.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the U.S. to create technology centers of excellence in Mexico. For more information, visit www.itj.com.