Triple Helix Model: Benefits and Opportunities for International Companies in Mexico
A country’s ability to evolve and adapt to meet changing economic and social demands has always been key to a nation’s progress. In an increasingly globalized world transitioning into a knowledge economy, in addition to recent changes in global trade dynamics, disruptions in supply chains, and the enactment of the USMCA in North America, individuals, companies and governments are striving to reinvent themselves in ways that will ensure long-term well-being and growth. The USA’s southern neighbor is poised to take advantage of these changes, representing an opportunity for companies across several industries to start up business in Mexico.
What is the triple helix model and how does it benefit industry and society at large?
The triple helix framework, a term first coined by Henry Etzkowitz and Loet Leydesdorff in the 1990s with the publication of “The Triple Helix, University-Industry-Government Relations: A laboratory for Knowledge-Based Economic Development,” describes an innovation model in which academia, industry and government work together to promote economic and social development in the transition to a knowledge economy and knowledge society. The framework is aimed at fostering long-term and sustainable economic growth by leveraging synergies of the relationships between the three main stakeholders and removing barriers to collaborative relationships.
This framework has led to the establishment of collaborative entities dedicated to promoting innovation, wealth creation, and ultimately, the well-being of a country’s citizens and industry. A pioneering state in Mexico manufacturing and international business for the last forty years, Chihuahua, has developed a robust business ecosystem through investments in a triple helix model and a network of business incubators and science parks, allowing it to develop a strong supply chain by matching the needs of industry with government and academia.
The state of Jalisco is also betting on this model by investing in innovation, science and technology and through the establishment of a council dedicated to fostering this governance model and ensuring that educational programs are tailored to market needs in its booming agroindustry and technology industries.
Mexico has also formed ties with other countries dedicated to the triple helix model, including Japan. The University of Hiroshima and the Mexican Agency for International Cooperation for Development (AMEXCID) have held the Mexico-Japan Rectors' Summit on four occasions now, with the last event being held in 2019, focusing on opening up a dialogue between universities, society-building and strengthening bilateral ties.
Though Mexico still has work to do reevaluating and adjusting the vision of its productive sectors to emerge as a world leader in industry, it is clear that it has the tools and human and natural resources required to get there. It is doing the work to overhaul its government and academic structures, public policy and legislation to be on par with world leaders, representing a win-win situation for academic, industry, businesses and international companies in Mexico.
By Alejandro Lara Cruz | Board Member | American Industries Group®
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